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I am unsure what marginal benefit and cost means and how it is affected by international trade. What I know now is that marginal benefit
I am unsure what marginal benefit and cost means and how it is affected by international trade. What I know now is that marginal benefit is the price that the last buyer is willing to pay for that quantity of goods? Also, it seems that supply and quantity supplied are different (as is demand and quantity demanded), but I am not sure why or how they are different
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