Social costs:
A) Are less than private costs.
B) Include private costs.
C) Are unrelated to private costs.
D) Do not affect society.
Correct Answer:
Verified
Q51: Whenever external costs exist:
A) Social demand is
Q52: External costs arise when:
A) Private costs are
Q53: External costs are partly caused by:
A) the
Q54: Whenever net external benefits exist then:
A) economic
Q55: Social costs are:
A) The full resource costs
Q57: External costs are equal to the difference
Q58: Social demand is equal to market:
A) Demand
Q59: If external benefits exist:
A) The market will
Q60: Which of the following is most likely
Q61: Whenever there is a divergence between social
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