What Is an Effluent Fee? Graphically, Show How an Effluent

question 82

Essay

What is an effluent fee? Graphically, show how an effluent fee can correct an externality.

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Definitions:

Impliedly Warrants

Indicates that a warranty is given by implication, rather than expressly stated, based on the circumstances or nature of a transaction.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Liable

Being legally responsible for something, typically referring to the obligation to compensate for loss or damage.

Disclosed Principal

A principal whose identity is known to a third party at the time the agent makes a contract with the third party.