Internal costs are
A) costs borne solely by the individuals who incur them.
B) costs borne by people in the same society as those who incur them.
C) costs borne by people working in the firm that incurs them.
D) all costs incurred in the marketplace.
Correct Answer:
Verified
Q5: All of the following are private costs
Q6: If social cost exceeds private cost, there
Q9: When the costs of an action are
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Q13: Pollution created by auto exhaust fumes is
Q15: When the social costs exceed the private
Q16: To find the social cost of an
Q19: The total social cost of production is
Q19: A social cost that is not fully
Q20: Society must pay the full opportunity cost
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