Interactive Glossary
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Marginal external cost:
Cost resulting from the production of one additional unit accruing to a different party than the one producing or consuming the product. See
negative externality
.
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Marginal external benefit
Marginal cost pricing
Marginal cost
Mandates
Low-usage tariffs
Low-income tariffs
Loss (energy, water, and commercial losses)
Long-term liquidity ratios
Long-run average cost curve
Long run