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What are the steps used to complete the component-level design for a software development project?
Private Market
A market in which transactions occur directly between private sector buyers and sellers without significant government regulation or intervention.
Marginal Social Benefit
The additional benefit to society as a whole from producing or consuming one more unit of a good.
Public Good
A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization, characterized by non-excludability and non-rivalry.
Marginal Social Cost
The total cost to society of producing an additional unit of a good or service.
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