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Explore the impacts of production externalities, both positive and negative, and their effects on society and the environment.
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Learn about Marginal Social Cost (MSC), a key economic concept, and how its proper understanding influences production, ethical business practices, and legislative policies for societal benefit.
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Explore the concept of Pigovian taxes, how they mitigate negative externalities, and assess their impact on both society and businesses.
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Explore the dynamics of market failures, their primary causes, and insightful solutions for economic inefficiencies through diverse interventions.
