Multiple Choice
Suppose the production of electricity generates pollution.In this case,the optimal level of electricity is produced when the marginal social benefit from electricity production equals the _____
A) marginal private cost of electricity production.
B) marginal social cost of electricity production.
C) marginal external cost of electricity production.
D) marginal cost of labor used in electricity production.
E) marginal cost of capital used in electricity production.
Correct Answer:

Verified
Correct Answer:
Verified
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