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Edwin Hubble Found the Great Nebula in Andromeda (M31 Galaxy)

question 12

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Edwin Hubble found the Great Nebula in Andromeda (M31 galaxy) to be very far away by


Definitions:

Efficiency Loss

The loss of economic efficiency that can occur when the balance between supply and demand is not achieved or when market conditions lead to a misallocation of resources.

Marginal Benefit

The additional satisfaction or utility gained by consuming or producing one more unit of a good or service.

Marginal Cost

The increase in cost that results from producing one additional unit of a good or service.

Efficiency Loss

The loss of potential economic welfare when resources are not optimally allocated, leading to outcomes where potential benefits exceed costs.

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