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Externalities that are not reflected in the total costs are an

argument for the state to regulate the electric power service
select:
true or false

User Frennetix
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1 Answer

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True. Externalities that are not reflected in the total costs provide a rationale for state regulation of the electric power service. When external costs or benefits associated with the production or consumption of electric power are not accounted for by market prices, government intervention through regulation becomes necessary to address these externalities and ensure that the market outcomes align with social welfare goals.
User Prasun
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