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When negative production externalities exist, marginal social cost is higher than private marginal cost.
Anthropogenic is the term that is used to describe the impacts that human activities have on the natural environment. Anthropogenic sources include agriculture, construction, habitations, industry, mining and transportation.
The extra gases created from anthropogenic sources escalate the greenhouse effect making the temperature of the earth rise. Greenhouse gases are released by the burning of fossil fuels, vehicle air pollution, land clearing and agriculture activities.
Everyday activities we make at home, in work, whilst traveling, and the things we purchase have an influence on our personal emissions of greenhouse gases...
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Common topics in this essay:
- Environmental Externalities
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