Examlex
Which of the following substances is a normal component of urine?
Marginal Private Benefit
The surplus value that consumers or producers get from buying or making an extra unit of a good or service.
Marginal Private Cost
Marginal private cost is the cost that a producer incurs in making an additional unit of a good or service, excluding any external costs.
Socially Optimal
A state in which resources are allocated in the most efficient and equitable manner from a societal perspective.
Network Externality
A situation where the value or utility of a product or service to one user increases with the number of other users of the same or compatible products or services.
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