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Use Figure 20.3 to answer the following questions. The DNA profiles that follow represent four different individuals.
Figure 20.3
-Which of the following statements is most likely true?
Marginal Social Benefit
The additional gain to society as a whole from an additional unit of a good or service, considering both private benefits and externalities.
Marginal Benefit Curve
The Marginal Benefit Curve is a graphical representation showing how the benefit or utility from consuming each additional unit of a good decreases as more units are consumed.
Government Intervention
Regulatory actions taken by a government in order to affect or interfere with decisions made by individuals, groups, or organizations regarding economic and social matters.
Marginal Cost
The cost of producing one additional unit of a product or service.
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