Briefly review the following concepts: persistent pollutants, assimilative capacity of the environment, common property resources, transaction cost,
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Briefly review the following concepts: persistent pollutants, assimilative capacity of the environment, common property resources, transaction cost, joint consumption, social cost, private cost, externality, market failure, the polluter-pays principle, Coase theorem, internalization of externality.
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Persistent Pollutants Persistent pollutants are substances that resist degradation or breakdown in the environment over extended periods Examples include certain chemicals and heavy metals These pollu...View the full answer
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Related Book For 
Principles Of Environmental Economics And Sustainability
ISBN: 9780415676915
3rd Edition
Authors: Ahmed Hussen
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