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Among the following items, ___ is private cost and ___ is external benefit. (...
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Among the following items, ___ is private cost and ___ is external benefit.
(I) The price you pay for an iTunes download
(II) The benefit your neighbour receives from hearing you play your pleasant music
(III) The annoyance of your neighbour because she doesn't like your achingly conventional music
(IV) The pleasure you receive from listening to your iTunes download
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