-The figure above shows the marginal social cost curve of generating electricity,the marginal private cost curve,and the demand curve.If the market is competitive and unregulated,the equilibrium price is ________ per kilowatt hour and the equilibrium quantity is ________ billion kilowatt hours per day.
Definitions:
Productivity
The measure of how efficiently inputs are converted into outputs; an increase in productivity means more output is produced with the same amount of inputs.
Economic Growth
An increase in the production of goods and services in an economy over a period of time, often measured by gross domestic product (GDP).
Randomized Control Trials
Experimental studies where subjects are randomly assigned to a treatment group or a control group to measure the effect of interventions.
Global Aid Programs
International efforts and initiatives aimed at providing financial, technical, or humanitarian assistance to countries and communities in need.
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