Which of the following situations involves an external cost?
A) Winston doesn't understand his economics text-which was not written by Professor Chiang-and he feels he has wasted his money.
B) Alma lives next to a freeway and the noise wakes her up every morning,against her wishes,at six o'clock.
C) Pablo can't decide whether to go to Hong Kong for lunch or Paris for brunch,and he doesn't think it is fair that he can't do both.
D) Johnston thinks that the price of gasoline is too high.
Correct Answer:
Verified
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