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Marginal Social Benefit
The additional gain to society as a whole from consuming or producing one more unit of a good or service.
Marginal Social Cost
The additional cost imposed on society as a whole by producing one extra unit of a good or service.
Nonrival
A good or service that can be consumed by one individual without preventing the consumption of the good by another individual.
Nonexcludable
A characteristic of a public good, indicating that it is not feasible to prevent non-paying customers from consuming the good.
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