Social costs are:
A) private costs plus external costs.
B) network costs minus private costs.
C) external costs minus private costs.
D) those costs imposed without compensation on someone other than the person who caused them.
Correct Answer:
Verified
Q2: Any cost that is imposed without compensation
Q3: An example of a good that exhibits
Q4: When we add private benefits and external
Q5: A benefit that accrues without compensation to
Q6: If people took external costs like pollution
Q8: Benefits that accrue directly to the decision
Q9: All externalities:
A) are harmful to society and
Q10: Private benefits are those benefits that accrue:
A)
Q11: If people took external costs like pollution
Q12: External benefits are those that accrue:
A) directly
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