Examlex
What is ratification?
Marginal Social Cost
The cost to society of producing one additional unit of a good or service.
Private Supply
The provision of goods or services by businesses or individuals rather than by the government.
Marginal Social Cost
The total cost society pays for the production of an additional unit of a good or service, including both private costs and any external costs.
Public Beach
A beach area open to the general public, often maintained by a governmental entity, providing access to the shoreline without private ownership restrictions.
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