Social costs are:
A) private costs plus external costs.
B) network costs minus private costs.
C) external costs minus private costs.
D) costs imposed without compensation on someone other than the person who caused them.
Correct Answer:
Verified
Q13: A network externality is:
A)a direct effect on
Q14: The effect that an additional user of
Q15: When we add private benefits and external
Q16: A positive externality is a(n):
A)external benefit.
B)external cost
Q17: Which of the following is a good
Q19: Which of the following is a good
Q20: Private benefits accrue:
A)indirectly to the decision maker
Q21: When a negative externality is present in
Q22: The graph shown displays a market with
Q23: A market with a negative externality has
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