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The water molecule has a dipole with the negative portion
Property Right
A legal right or privilege, granted by law, to use, control, and derive benefits from a resource or property.
Marginal Social Cost
The cumulative expense to society for creating one more unit of a product or service, encompassing both the personal costs and any external effects.
Private Marginal Cost
Private marginal cost refers to the cost that a company incurs for producing an additional unit of a good or service, excluding any external costs.
Marginal Social Cost
The total cost to society of producing one additional unit of a good or service.
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