Examlex
In monopolistic competition, there are
Marginal Benefit
The increase in satisfaction or utility gained from consuming one additional unit of a good or service.
Tax Cost
The financial charge or burden imposed by governments on individuals or organizations in the form of taxes.
Majority Vote
A decision-making process in which the option that receives more than half of the votes wins.
Marginal Benefits
The additional satisfaction or utility gained from consuming or producing one more unit of a good or service.
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