Which of the following term refers to the share of an activity's marginal cost that is paid for by people other than those who carry out the activity?
A) Beneficial cost
B) External cost
C) Marginal private cost
D) Marginal social cost
Correct Answer:
Verified
Q78: Is increased production of a good beneficial
Q79: Markets are primarily responsible for the rapid
Q80: Markets will always create more efficient outcomes
Q81: An externality is an event that
A)is external
Q82: The classic example of a detrimental externality
Q84: In a competitive market, a good is
Q85: A firm is generating detrimental externalities when
A)MSC
Q86: An economy is operating with optimum efficiency
Q87: Many detrimental externalities occur because
A)persons do not
Q88: It is true of externalities that they
A)are
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