250 word answer



Tietenberg & Lewis discuss how optimum choices in economics are defined in terms of economic efficiency. What is economic efficiency? Is maximizing economic efficiency the same thing as maximizing benefits?

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Tietenberg, Tom;lewis, and Lynne. Environmental Economics: The Essentials. Chpt 3,1st ed. Routledge Ltd, 2019. Web.

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    Tags: Eco
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