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Recently,curators at museums have experienced problems with the preservation of plastic objects,almost all of which disintegrate over time.The Smithsonian collection contains the first-ever plastic toothbrush,which soon will be nothing more than a pile of crumbs.This problem is leading many historians to worry that we will lose the history of our
Efficient Price
Price level at which the quantity demanded and supplied in a market are at equilibrium, leading to an optimal distribution of resources.
Common Resources
Resources like air or water that are not owned by anyone, cannot be consumed by one user without reducing available supply for others, and are available to all.
Private Market
A market in which transactions occur directly between private sector buyers and sellers without significant government regulation or intervention.
Marginal Social Benefit
The additional benefit to society as a whole from producing or consuming one more unit of a good.
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