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Case Studies 1 1. Externalities in the electricity utility industry The following equations represent the supply and demand for electricity in the electricity market has

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Case Studies 1 1. Externalities in the electricity utility industry The following equations represent the supply and demand for electricity in the electricity market has been deregulated and is now operating as a comp measured in 100s of kilowatt hours (100 kwh). Demand On = --P +5 P - 1

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