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What molecular features are required for soap to properly dissolve grease and oil?
Marginal Private Benefit
Marginal Private Benefit is the additional benefit or satisfaction received by consumers or producers for consuming or producing one more unit of a good or service.
Marginal Private Cost
The cost incurred by a firm or individual resulting from producing one more unit of a good, excluding externalities or effects on third parties.
External Benefits
External benefits refer to the positive effects or advantages that a product or activity imparts on individuals or society who are not directly involved in the production or consumption of the good.
Network Externalities
The effect on a user of a product or service that results from an increase in the number of other users of the same or compatible products or services.
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