One of the limitations of mainstream economics is that it does not take into account ___________ costs when a price is assigned to a product or service.

Question

Quizplus · Accepted Answer

Mainstream economics usually focuses on assigning prices based on internal costs, such as production and distribution costs, but often fails to consider external costs, such as environmental and social costs, which can create negative impacts on society as a whole.

One of the Limitations of Mainstream Economics Is That It