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Assume that reading produces a positive externality.It will be the case that the __________ than that which is socially optimal.
Loan
A sum of money borrowed from a lender that is expected to be paid back with interest.
Compounded Quarterly
Describes interest on a loan or investment calculated four times a year.
Investment
Allocating resources, usually money, with the expectation of generating an income or profit.
Semi-Annually
Pertains to events or processes that occur twice a year, often used in the context of interest calculation or payments.
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