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Question: The concept of total economic value (TEV) is a widely used framework for looking at the utilitarian value of ecosystems. This framework typically disaggregates TEV into a number of categories:
(a) Outline the categories of TEV
(b) Explain what each category of value measures and provide an example of each.
(c) Give an example of a valuation methodology which could best value each category and very briefly justify its use.
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