By DEFINITIONS, I mean, how would you define the concept or term, and could you give an example (using a graph if necessary) to make your definition very clear?
1. Marginal social cost
2. Coase Theorem
3. Environmental Protection Agency
4.Traded pollution rights
5. Positive Externality
6. Privately produced public good
7. Social Conventions
8. Pigouvian Tax
9. Blanket Approach to Regulation
10. Fuel Economy standard for automobiles
11. Reaching the Socially Efficient Level of Production by Merger
12. Negative Externality from Consumption
13. Private optimal level versus socially optimal level of production
14. Marginal Benefit curve that slopes upward at an increasing rate