Who decides what is an ‘acceptable risk’? And acceptable to whom?

The U.S. EPA has said that it's ordered Norfolk Southern to test for dioxin in East Palestine to determine whether "contaminants from the derailment pose any unacceptable risk to human health." That implies that there is an acceptable risk. Who decides what is acceptable? And What, exactly, is "risk"? Find out tonight on Planet Waves FM.
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