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Children can safely engage in endurance exercise,but they cannot improve their maximal aerobic power through training.
Private Markets
Markets where transactions occur between private entities without significant government intervention, focusing on the exchange of goods and services among individuals and businesses.
Marginal Social Benefit
The additional benefit to society as a whole from increasing the output of a good by one unit.
Private Cost
The costs directly incurred by those who are producing or consuming goods or services.
Marginal Social Benefit
The additional gain to society as a whole from an extra unit of production.
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