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Pollution Permits
Licenses that allow entities to emit a specific amount of pollutants into the environment, often traded in markets.
Emissions Tax
A tax that depends on the amount of pollution a firm produces.
Marginal Social Cost
The additional cost to society as a whole from producing one more unit of a good or service.
Environmental Standard
Regulations set by law or by an organization to limit the amount of pollutants or emissions produced by companies or individuals to protect the environment.
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