Explain the Difference Between Marginal Social Benefit and Marginal External

question 269

Essay

Explain the difference between marginal social benefit and marginal external benefit.

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Definitions:

Damaging

Causing harm or injury, physically, emotionally, or otherwise, that affects the integrity or value of something or someone.

Negative Results

Outcomes of a test, experiment, or endeavor that do not meet the expected or desired objective, often requiring reassessment or adjustment.

Assertiveness

Assertiveness is the quality of being self-assured and confident without being aggressive, making clear where one stands and expressing one's needs or rights respectfully.

Aggressiveness

A forceful or assertive attitude or approach, often without regard for others.