The idea that society should produce another unit of a product if the marginal social benefit exceeds the marginal social cost is known as the:

Name: The idea that society should produce another unit of a product if the marginal social benefit exceeds the marginal social cost is known as the:
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Question

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The Rational Rule for Society states that a society should continue producing a good as long as the marginal social benefit is greater than the marginal social cost, ensuring efficient allocation of resources.

The Idea That Society Should Produce Another Unit of a Product