Public Costs

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August 31, 2024 3 min read Definitions
Marginal External Cost: Additional Costs Borne by the Public Due to Production
Economics Finance MarginalExternalCost Externalities Public Costs Production Economic Theory
Marginal External Cost (MEC) refers to the additional costs borne by the public that arise from the production of goods or services, which are not reflected in the producer's costs.
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