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What does SMC stand for?

SMC stands for Social Marginal Cost (economics)

This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other meanings of SMC

Other Resources:
We have 798 other definitions for SMC in our Acronym Attic

Samples in periodicals archive:

Thus, residential and commercial customers in the United States may already be facing prices that are above social marginal cost.
As with the choice between prudential regulatory regimes and corrective taxation generally, the same informational constraint applies equally, but a regulatory response may again be the preferable policy instrument if the social marginal cost curve associated with excessive risk taking is steeper than the private marginal cost curve.