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Classical test theory assumes that
Marginal Social Benefit
The benefit gained by society from the production of one more unit of a good or service.
Marginal Social Cost
The total cost society bears for the production of an additional unit of a good or service, including both private costs and any externalities.
Marginal Social Benefit
The extra advantage to the community that comes from the consumption or production of an additional unit of a product or service.
Pollution Emissions
The release of pollutants into the environment, usually from industrial processes, vehicles, or other sources, which can harm human health and the ecosystem.
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