To find social costs,

Name: To find social costs,
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Social costs refer to the total cost of producing a good or service, including both internal costs (such as labor and materials) and external costs (such as pollution and other negative impacts on society). Therefore, to find social costs, internal and external costs need to be added together. None of the other choices include external costs, which are essential to calculating social costs.

To Find Social Costs