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Objective introspection required:
Social Welfare
The overall well-being of a society, encompassing economic, social, and environmental dimensions, often considered in policy-making.
Pollution
The entry of pollutants into the natural ecosystem resulting in harmful modifications.
External Benefit
An uncompensated benefit that an individual or firm confers on others; also known as positive externality.
Higher Costs
Expenses that exceed the usual or expected amount, which can negatively impact profitability and pricing strategies.
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