Which of the following is NOT a private cost?
A) the health insurance costs a firm must pay for its employees
B) the pollution caused by a firm dumping its wastes into the river
C) the coffee pot that Jan dropped and broke this morning
D) the amount that a firm must pay for raw materials to make its product
Correct Answer:
Verified
Q49: An example of a situation in which
Q50: Q51: Costs borne solely by the individuals who Q52: Social costs are Q53: The social costs of an activity are Q55: When social costs of an activity exceed Q56: Which of the following statements is TRUE Q57: When a person drives an automobile, that Q58: John raises bees to pollinate his orchard. Q59: When social costs of an activity exceed
A) costs that are borne
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