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Marginal Social Benefit (MSB)
The marginal social benefit (MSB) represents the total benefit to society from producing or consuming one additional unit of a good. It is composed of the marginal private benefit (MPB) to the producer or consumer, plus any marginal external benefits (MEB) that affect others. The formula is: .
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Introduction to Microeconomics Course
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CORE Econ
Ch.10 Market successes and failures: The societal effects of private decisions - The Economy 2.0 Microeconomics @ CORE Econ
The Economy 2.0 Microeconomics @ CORE Econ
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Marginal Social Benefit (MSB)
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