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RE: LeoThread 2025-01-17 09:25

in LeoFinancelast month

Part 6/8:

By plotting these values on a graph, the intersection of the marginal benefit and marginal cost curves can be identified. The area above the marginal cost curve represents the total benefits society would gain from further reduction efforts. Conversely, the total cost of increasing emission reduction falls within the marginal cost curve. The net benefit of reducing emissions can be derived from the differences in these areas, and this dynamic underscores the importance of evaluating cost-efficiency in pollution reduction policies.

Preconditions for the Coase Theorem