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Describe the difference between how producers and consumers use cost-benefit analysis?
Wiki User
∙ 9y ago
Producers do the same thing, though there are some important differences. For one thing, businesses consider benefits and costs just as a consumer does, but only the monetary costs and benefits are relevant to their calculations. Consumers often take into account non-monetary things when doing cost-benefit analysis.
Wiki User
∙ 9y ago
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