Which of the following is a true statement?
A) Marginal Private Cost = Marginal Social Cost + Positive Externality
B) Marginal Social Cost = Marginal Private Cost + Negative Externality
C) Marginal Private Cost = Marginal Social Cost + Negative Externality
D) Marginal Social Cost = Marginal Private Cost + Positive Externality
Correct Answer:
Verified
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