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When a firm imposes an external social cost, the government should impose a tax exactly equal to the marginal social cost to ensure that the efficient level of output will be produced.
Warm
Warmth is often described as a personality characteristic indicating friendliness, empathy, and kindness towards others.
Kurt Lewin
A psychologist known for his pioneering work in social, organizational, and applied psychology, including the development of field theory.
Evolutionary Principles
Concepts based on evolution, explaining how natural selection and adaptation contribute to the behavior and traits of organisms.
Mental Shortcuts
Cognitive strategies that simplify decision making by reducing the amount of information processed.
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