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Property Values
The worth of real estate as determined by market conditions and the property's condition, location, and other factors.
Renovates
The process of improving or updating a building, room, or structure to make it more attractive or functional.
Marginal Social Benefit
The additional gain to society as a whole from producing or consuming one more unit of a good or service.
Marginal Social Cost
The additional cost imposed on society as a whole by producing one more unit of a good or service, including both private costs and externalities.
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