When private costs equal social costs,it means that:
A) negative externalities are not present in the market.
B) positive externalities are present in the market.
C) the external cost must be small relative to the private cost in the market.
D) no externality of any kind is present in the market.

Question

Quizplus · Accepted Answer

When private costs equal social costs, it indicates that there are no externalities affecting the market, meaning negative externalities are not present.

When Private Costs Equal Social Costs,it Means That