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Marginal Social Cost
The extra expense society incurs from the production of an additional unit of a good or service.
Pollution
The act of introducing harmful substances into the environment, leading to negative changes.
Marginal Social Cost
The cost to society of producing one additional unit of a good or service, considering both private costs and externalities.
Society
A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.
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