The social cost of production, in cases where negative externalities exist, is equal to the
A) sum of private and external costs minus social benefit
B) sum of private and external costs
C) sum of private cost and external cost minus social benefit
D) sum of private cost and external cost
E) current market price plus the external cost

Question

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The Answer of The social cost of production, in cases where negative externalities exist, is equal to the
A) sum of private and external costs minus social benefit
B) sum of private and external costs
C) sum of private cost and external cost minus social benefit
D) sum of private cost and external cost
E) current market price plus the external cost

The Social Cost of Production, in Cases Where Negative Externalities