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Marginal Cost
The cost incurred by producing one additional unit of a product or service, crucial for decision-making in production levels.
Optimal Amount
The ideal quantity of a resource or good that achieves the best outcome or utility.
Positive Externalities
Benefits that result from a commercial activity or action but affect uninvolved third parties who did not choose to be involved in the transaction.
Spillover Benefits
Positive effects or advantages that result from a product, event, or activity, affecting those who are not directly involved.
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