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Private Costs Are ____________, While Social Costs Are ____________

Question 5

Multiple Choice

Private costs are ____________, while social costs are ____________.


A) costs experienced by the consumer making the decision; all of the costs of the action
B) costs experience by the private sector; costs experience by the public sector
C) costs that are charged by the private sector; costs that are charged by the public sector
D) all of the costs of a transaction including social costs; only the costs represent damage to the environment

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