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Describe the Primary Advantage and Disadvantage of a Limit Sell

question 40

Essay

Describe the primary advantage and disadvantage of a limit sell order.


Definitions:

Marginal Benefit

The extra utility or satisfaction garnered by consuming one more unit of a good or service.

Marginal Cost

The amount spent on generating an extra unit of a product or service.

Optimal Amount

The most efficient, effective or desirable quantity or level.

Pollution Abatement

Methods or processes implemented to reduce, control, or eliminate pollution from various sources.

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