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Socially Efficient Outcomes
Markets are efficient when marginal social benefit equals marginal social cost; market failures break that.
- MSB = MSC
- Allocative efficiency
- Sources of market failure
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2:32
Jacob Clifford
6:00
Khan Academy
7:38
EconplusDal
2:42Jacob Clifford
3:26Jacob Clifford
8:05EconplusDal
5:58
Think Econ
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