Internal costs are
A) costs borne solely by the individuals who incur them.
B) costs borne by people in the same society as those who incur them.
C) costs borne by people working in the firm that incurs them.
D) costs that are incurred by the producers but buyers do not pay for them.
Correct Answer:
Verified
Q7: When the social costs exceed the private
Q8: An externality that is NOT fully paid
Q9: Social costs are
A) costs borne by society
Q10: Where pollution is concerned, if an automobile
Q11: Private costs are the same as
A) implicit
Q13: A social cost that is NOT fully
Q14: Which of the following statements best defines
Q15: Costs that are borne solely by the
Q16: To find the social cost of an
Q17: Noise from a hard rock concert is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents