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If the Marginal Private Cost of Producing One Kilowatt of Power

Question 378

Multiple Choice

If the marginal private cost of producing one kilowatt of power in California equals five cents and the marginal social cost of each kilowatt equals nine cents, then the marginal external cost equals ________ per kilowatt.


A) five cents
B) nine cents
C) four cents
D) fourteen cents

Correct Answer:

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