The social cost of a good is
A) its benefit to the people who buy and consume it.
B) its total benefit to everyone in society.
C) its cost to everyone in the society that occurs in addition to the private costs.
D) the cost paid by the firm that produces and sells it.
Correct Answer:
Verified
Q1: Which of the following is an example
Q2: If a market generates a negative externality,
Q3: A positive externality is an external benefit
Q4: A positive externality (that has not been
Q6: The private benefit of consuming a good
Q7: A positive externality generates
A) a social cost
Q8: For any given demand curve for pollution,
Q9: To internalize a negative externality, an appropriate
Q10: If a market generates a positive externality,
Q11: If transactions costs exceed the potential gains
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