When we purchase a product,the price we pay directly reflects the ________ cost of producing it.If the manufacture of the product degrades the quality of air or water,then the costs of this pollution are termed ________ costs.

Question

Quizplus · Accepted Answer

The price we pay for a product reflects the internal costs of producing it, which include labor, materials, and other direct expenses. If the manufacture of the product causes pollution, the costs associated with this pollution are not borne by the producer or reflected in the price; instead, they are external costs, affecting third parties and the environment.

When We Purchase a Product,the Price We Pay Directly Reflects