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___________Cost is added to the Marginal Abatement Cost to show the actual costs.

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The level at which marginal damages are equal to marginal abatement costs is called the __________ Efficient Level of emissions.

A policy is efficient if it produces for society a maximum of net benefits and it occurs when _______ ______ ____ (MAC) equal marginal damages.

A policy is _____-______ if it achieves a given amount of environmental improvement at the least possible cost.

A ______ _______ gets results from the interaction of many individual decision makers

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