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Discount
A reduction on the usual cost of a product or service, typically to stimulate its purchase.
Deadweight Loss
Deadweight loss is a loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.
Marginal Cost
The increase or decrease in the total cost incurred by producing one additional unit of a product or service.
Socially Efficient
A situation in which resources are allocated in a way that maximizes the welfare of society as a whole.
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