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Figure: The Optimal Quantity of Pollution
-(Figure: The Optimal Quantity of Pollution) The figure The Optimal Quantity of Pollution shows the marginal social cost (MSC) and marginal social benefit (MSB) for firms that pollute the air with sulfur dioxide. Using the figure, the optimal Pigouvian tax per unit of pollution is:
Exclusive Possession
A legal right allowing an individual or entity to use a property without interference from the owner or any third parties.
Quiet Enjoyment
A tenant's right to possess and use a property without interference from the landlord or other parties.
Habitable Condition
The requirement that a living space must meet certain standards of safety and livability as defined by law.
Lease Abandonment
The act of a tenant leaving a leased property before the lease term has ended, without intent to return and without the landlord's agreement.
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