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Jacob is studying a population of wrens in Michigan. During one severe winter, 5% of the birds died due to starvation and cold temperatures. Severe weather is an example of
Marginal Benefit
The enhancement in satisfaction or utility that comes from acquiring or making an additional unit of a product or service.
Pollution Control
The implementation of measures to reduce or eliminate the emission of pollutants into the environment.
Pollution Abatement
Measures and efforts taken to reduce, control, or eliminate pollution from a particular source.
Negative Externalities
Costs that are suffered by a third party as a result of an economic transaction that they were not directly involved in.
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