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The Virgo Cluster is at an estimated distance of 16.5 Mpc.What is the average recession speed of the cluster, assuming a Hubble constant of 70km/s/Mpc?
Externalities
Unintended financial outcomes affecting individuals not directly engaged, potentially leading to good or bad impacts.
External Costs
Costs that are not borne by the producer or consumer of a good or service, but by society or the environment.
MSC (Marginal Social Cost)
The total cost to society of producing an additional unit of a good or service, including both the private costs and any external costs.
Efficient Level
Refers to the point at which a system, process, or economy operates at maximum productivity with minimal waste and expense.
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