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If the Marginal Private Cost of Running a Car Is

Question 102

Multiple Choice

If the marginal private cost of running a car is $0.30 a kilometre and the marginal external cost is $0.10, what is the marginal social cost?

A) $0.40
B) $0.20
C) $3.00
D) $0.03
E) None of the above answers is correct.

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