MSC - MC reflects
A) an internal cost.
B) an external cost.
C) average marginal cost.
D) marginal benefit.

Question

Quizplus · Accepted Answer

MSC - MC reflects an external cost, which is a cost that affects parties who are not directly involved in the transaction or decision. It represents the difference between the marginal social cost (MSC) and the marginal cost (MC) to the producer, highlighting costs imposed on society that are not accounted for by the producer.

MSC - MC Reflects