A tax or charge equal to the external cost per unit of pollution is called abatement.

Name: A tax or charge equal to the external cost per unit of pollution is called abatement.
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Abatement refers to measures taken to reduce or eliminate pollution or other environmental harm. A tax or charge equal to the external cost per unit of pollution is called a Pigouvian tax. This tax aims to internalize the externalities of pollution by making polluters pay for the harm they cause.

A Tax or Charge Equal to the External Cost Per