Economics A-Level
Social Optimum
What Social Optimum means in Economics A-Level, as defined for Pearson Edexcel.
Definition of Social Optimum
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Reference: Pearson Edexcel
The level of output where the marginal social benefit (MSB) equals the marginal social cost (MSC), maximizing social welfare.
Topics that use Social Optimum
- Government intervention (Pearson Edexcel A-Level)
Related terms
Using Social Optimum in the exam
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