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The difference between the marginal social cost curve and the marginal cost of production curve is the:
U.S. Government Agency
A governmental body within the United States that operates under specific regulatory or administrative purposes, either at the federal, state, or local level.
Limited Liability
A legal structure that limits the financial liability of the owners of a business to their investment in the company.
Indefinite Business Life
A term indicating that a company or asset is expected to operate or remain useful without a foreseeable limit or end date.
Corporation
A legal entity that is separate and distinct from its owners, who are shareholders. It can own assets, incur liabilities, and is subject to taxation.
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