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3. Benefits of Pollution and Abatement Costs 3.1. Please explain how the benefits of pollution are derived from abatement costs. 3.2. We identify the efficient
3. Benefits of Pollution and Abatement Costs 3.1. Please explain how the benefits of pollution are derived from abatement costs. 3.2. We identify the efficient level of emissions using two approaches: the minimization of total pollution-related costs and the maximization of pollution-related net benefits. We also identify the efficient level of abatement using the maximization of abatement-related net benefits. These three approaches identify the same level of pollution and abatement. Why
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