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If the marginal private cost of producing one kilowatt of power equals $5 and the marginal social cost of each kilowatt equals $9, then the
If the marginal private cost of producing one kilowatt of power equals $5 and the marginal social cost of each kilowatt equals $9, then the marginal external cost equals ________ per kilowatt. a. $4 b. $14 c. $9 d. $5
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