Examlex
Which of the following will definitely result in an increase in the equilibrium price?
MSC
Marginal Social Cost; the total cost to society of producing an additional unit of a good, including both private costs and any external costs.
MEC Curve
A graphical representation showing the marginal external costs associated with the production of additional units of a good.
Malpractice Lawsuits
Legal claims made against professionals who fail to perform their duties with the competence expected, leading to harm.
Missed Deadlines
Failure to complete or submit work, documents, or applications within the specified timeframe, which can have legal or procedural implications.
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