Hi can someone explain to me everything about financialization for my political economy class?October 12, 2020
Given: The external marginal cost of producing electricity is MCexternal = 6Q while the internal marginal cost is MCinternal = 4Q.October 12, 2020
The difference between private cost and social cost is that ____.
A. there is no difference; the terms refer to the same cost
B. private cost only considers the cost borne by producers of the good
C. social cost only considers the cost borne by people other than the producer
D. social cost only considers the external cost borne by society
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