Examlex
A management science solution can be either a recommended decision or information that helps a manager make a decision
Pigouvian Tax
A tax imposed on activities that generate negative externalities, intended to correct the market outcome.
Pollution Detection
The process or technology used to identify, monitor, and quantify pollutants in the environment.
Utility Function
A mathematical representation that shows the satisfaction or utility a consumer derives from a set of goods and services.
Pollution Rights
Allowances or permits that grant the holder the right to emit a certain amount of pollutants, used in regulatory systems to control environmental damage.
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