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Which of the following plays the broadest, most subtle, role of all?
Streetlights
Outdoor lighting installed along streets and in public areas to provide illumination during the night for visibility and safety.
Pharmaceutical Companies
Businesses involved in the research, development, production, and marketing of drugs and medications.
Socially Optimal
A state of resource allocation where social welfare, typically measured in terms of efficiency and equity, is maximized.
Marginal Cost
The increase in total cost that arises from producing one additional unit of output.
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