The social costs of an activity are greater than the private costs of the activity when
A) a person does not pay all costs associated with a particular resource-using activity.
B) the internal costs of the resource-using activity are less than the external costs of the activity.
C) the internal costs of the resource-using activity are positive.
D) the external costs of the resource-using activity are zero.
Correct Answer:
Verified
Q48: Private costs are
A) external costs borne by
Q49: An example of a situation in which
Q50: Q51: Costs borne solely by the individuals who Q52: Social costs are Q54: Which of the following is NOT a 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.![]()
A) costs that are borne
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