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Figure: Marginal Private Benefits and Marginal Social Benefits
-(Figure: Marginal Private Benefits and Marginal Social Benefits) Look at the figure Marginal Private Benefits and Marginal Social Benefits. If government does intervene and encourages the market to produce and price at the socially optimal level, what will be the output and price?
Psychoanalytic Approach
A therapeutic and theoretical approach developed by Freud that emphasizes unconscious processes and childhood experiences in shaping behavior and personality.
Unconscious Ideas
Thoughts, memories, and desires not present in the immediate field of awareness but that influence emotions and behavior.
Childhood Conflicts
Psychological struggles experienced during childhood that can significantly influence personality development and behavior.
Behaviorist
A psychologist who studies behavior, emphasizing the external behaviors of people and their reactions on the environment over internal processes.
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