Examlex
The introduction of high-yield crop varietals in developing countries and improvements in agricultural technologies are two trends that fall under the umbrella of:
MSB Curve
The Marginal Social Benefit curve, representing the additional benefit to society as a whole from consuming one more unit of a good.
MCA Curve
A term that could be mistaken but likely refers to the Marginal Cost Curve, which depicts the additional cost of producing one extra unit of output.
Marginal External Cost
The additional cost incurred by society as a whole due to one more unit of a good being produced, not accounted for by the producer.
Competitive Price
The price at which a product or service is sold that is reasonably close to the prices of competing products or services in the same market.
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