The overselling of private goods results in ________,such as cars causing traffic jams,air pollution,injuries and deaths.

Question

Quizplus · Accepted Answer

The term "social costs" refers to the negative externalities or consequences that are imposed on society as a result of the production or consumption of private goods. In this case, overselling private goods such as cars can result in traffic jams, air pollution, injuries, and deaths, which are all examples of social costs.

The Overselling of Private Goods Results in ________,Such as Cars