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Marginal social cost:
The cost incurred by both the firm and society for each extra unit of a good or service produced. The marginal social cost includes any
negative externality
.
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Previously viewed words:
Marginal revenue
Marginal rate of tax
Marginal product of labor
Marginal private cost
Marginal private benefit
Marginal price
Marginal external cost
Marginal external benefit
Marginal cost pricing
Marginal cost