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Private cost refers to:

Private cost refers to:

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Government infrastructure expense
B Cost borne by producer
C Consumer welfare reduction
D Cost affecting entire society

Correct Answer: Option B

Explanation:
Private costs are expenses directly incurred by firms during production activities.

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