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Soap Products Inc. is a corporation. Soap can be held liable for the acts of its agents or employees that constitute
Marginal Social Benefit
The additional benefit to society as a whole from increasing the output of a good by one unit.
Private Cost
The costs directly incurred by those who are producing or consuming goods or services.
Marginal Social Benefit
The additional gain to society as a whole from an extra unit of production.
Marginal Social Cost
The cost to society of producing an additional unit of a good or service, including both the private costs and any external costs.
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