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Marginal Social Benefit
The additional benefit received by society as a whole from the production or consumption of one more unit of a good.
Marginal Social Benefit
The additional gain to society as a whole from an additional unit of a good or service, considering both private benefits and externalities.
Marginal Benefit Curve
The Marginal Benefit Curve is a graphical representation showing how the benefit or utility from consuming each additional unit of a good decreases as more units are consumed.
Government Intervention
Regulatory actions taken by a government in order to affect or interfere with decisions made by individuals, groups, or organizations regarding economic and social matters.
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