Why might redistribution across communities make sense for the provision of education? a-there are no spillover effects associated with education. b-everyone values education. c-there are externalities associated with education. d-there are high tax/benefit linkages associated with education.

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Q: What is the difference between the PRIVATE COST and the SOCIAL COST of education?

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Q: Explain about the PRIVATE COST of EDUCATION.

A: Answer in Step 2

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Q: What is the 'private cost' of education?

A: When we are considering private costs or private benefits, we shall ignore the externalities.