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What is a control chart that monitors changes in the dispersion or variability of a process?
Marginal Private Benefit
The additional benefit received by a consumer or producer from consuming or producing one more unit of a good or service.
Marginal Social Cost
The total cost to society of producing an additional unit of a good, including both the private costs borne by the producer and any external costs inflicted on others.
Social Optimum
The most efficient allocation of resources in a society, achieving the best outcomes for social welfare.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be used by anyone without preventing others from using them as well.
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