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MARGINAL SOCIAL Value (MSC): refers to the extra Price incurred through the society on account of creation of yet another unit of a very good or company.
Coase theorem is named following the economist Ronald Coase. In accordance with Coase theorem, when conflicting property legal rights come about and personal functions can deal more than the allocation of sources at no cost, then marketplaces will result in an efficient end result no matter which celebration finally gets the assets appropriate, provided that the transaction prices linked to bargaining is zero (or negligible).
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