Which statement best describes unrealized external failure costs?
A) They are paid for by the firm
B) They are not caused by the firm
C) They are also called societal costs
D) They include the costs of treating toxic materials

Question

Quizplus · Accepted Answer

Unrealized external failure costs are often referred to as societal costs because they are costs that are not borne by the firm but by society, such as environmental damage or public health impacts.

Which Statement Best Describes Unrealized External Failure Costs