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What does SMC stand for?

SMC stands for Social Marginal Cost (economics)

This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of SMC

Other Resources:
We have 798 other meanings of SMC in our Acronym Attic

Samples in periodicals archive:

If patients were uninsured, and consuming at point A, there would be a welfare loss associated with underconsumption because the value of care going from A to F (the area under the demand curve between A and F) exceeds the cost (the area under social marginal cost associated with quantities C and D).