Abiblo Economics - Abatement Cost
Abatement cost is a cost which secures the reduction in pollution. It can be quoted as cost per unit or the total cost of achieving a given target. The concept of abatement cost applies to pollution which is caused by the production activities of firms and the consumption activities of the consumers.
The marginal abatement cost should be equated to the marginal benefit to identify the efficient reduction in pollution.
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