_____ is the act of altering private costs and benefits to account fully for external effects.
A) Setting environment standards
B) Communication
C) Internalizing an externality
D) Environmental communication

Question

Quizplus · Accepted Answer

Internalizing an externality involves adjusting private costs and benefits to reflect the external impacts of a decision or activity, ensuring that the decision-maker bears all the societal costs and benefits.

_____ Is the Act of Altering Private Costs and Benefits