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Solve using any method.
Marginal Social Cost
The complete expense incurred by society for the production of one more unit of a product or service.
Public Park
A piece of public land in urban areas designated for recreational use by the general public, often maintained by local government.
Socially Optimum
A state where resources are allocated in the most efficient way from a societal perspective, maximizing social welfare.
Positive Externality
A benefit that affects a party who did not choose to incur that benefit, often discussed in the context of public goods and services.
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