Select the most appropriate option that can rectify the incorrectly spelt word in the following sentence: In our quest for power, we often fail to acknowlege the existence of other people.

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The word 'acknowlege' in the sentence is incorrectly spelled. The correct spelling is 'acknowledge'. The other options either add incorrect letters or omit necessary ones. 'Acknowledge' means to accept or admit the existence or truth of something, which fits the context of the sentence.

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