Examlex
Marketing discourages the development and spread of new ideas, goods, and services.
Optimal Quantity
The amount of a product or service that maximizes efficiency, balancing costs and benefits to achieve the best possible outcome.
Optimal Tax Rate
The tax rate that efficiently balances revenue generation for government purposes with minimal economic distortion or disincentive for economic activity.
Marginal Social Benefit
The increased value to society resulting from the consumption or production of one more unit of a good or service.
External Benefit
A benefit that affects people other than the direct consumers or producers of a good or service, often leading to positive spillover effects.
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