Examlex
Briefly explain process implementation in competitive strategies.
Pollution
The contamination of the natural environment, which can lead to harmful effects on ecosystems and human health.
Marginal External Cost
The additional cost imposed on society that is not accounted for by the producer as output increases.
Marginal Social Cost
The cost to society of producing one additional unit of a good or service, including both the private costs and any external costs.
Oil Refinement
The process of transforming crude oil into useful products like gasoline, diesel, and jet fuel through various physical and chemical treatments.
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