The marginal social cost (MSC) function is the sum of the following:

a. market-level marginal abatement cost (MACmkt) + marginal cost of enforcement (MCE)
b. marginal abatement cost (MAC) + marginal external cost (MEC)
c. marginal abatement cost (MAC) + total social cost (TSC)
d. market-level marginal abatement cost (MACmkt) + marginal external cost (MEC)


a. market-level marginal abatement cost (MACmkt) + marginal cost of enforcement (MCE)

Economics

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Economics