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Business, 06.11.2019 23:31 maliyah7516

Electricity has a negative production externality because

a. a marginal external cost lowers the marginal benefit from consuming it

b. the marginal private cost of producing it increases as more of it is produced

c. its marginal benefit decreases as more of it is consumed

d. the marginal social cost of producing it exceeds the marginal private cost of producing it

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Answers: 1

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Electricity has a negative production externality because

a. a marginal external cost l...
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