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Distinguish Between External Cost and External Benefit

question 10

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Distinguish between external cost and external benefit.


Definitions:

Sociology

The study of social life, social change, and the social causes and consequences of human behavior, examining how human societies are organized, developed, and function.

Replication Study

Research conducted again, following the same methodology, to validate or disprove the results of a previous study.

Statistics

The science of collecting, analyzing, presenting, and interpreting data.

Sociology

The study of social behavior, society, patterns of social relationships, social interaction, and culture that surrounds everyday life.

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