If firms were charged the full social opportunity cost of the resources they used,there would be

Name: If firms were charged the full social opportunity cost of the resources they used,there would be
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Charging firms the full social opportunity cost of the resources they use internalizes external costs, thereby eliminating them. This means all costs associated with production, including those normally borne by society (external costs), are accounted for in the firm's cost structure.

If Firms Were Charged the Full Social Opportunity Cost of the Resources