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Marginal Cost
Marginal cost refers to the added expense incurred from producing one more unit of a product or service.
Marginal Benefit
The increase in satisfaction or utility experienced from the consumption or production of one additional unit of a good or service.
Market Failures
Situations where market outcomes are not efficient, often justifying government intervention.
Better Business Bureaus
Organizations that provide information about businesses, handling consumer complaints and promoting ethical business practices.
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