Examlex
Which of the following was the first urban civilization?
Marginal Social Cost
The cost society bears for the production of an additional unit of a good or service, including both private costs and externalities.
Pollution Emissions
The release of pollutants into the environment, often from industrial processes, vehicles, or other human activity.
MSB
Stands for Marginal Social Benefit, representing the additional benefit to society from consuming one more unit of a good or service.
MSC
Marginal Social Cost, which refers to the total cost to society of producing an additional unit of a good or service.
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