By adding internal costs to external costs, we determine the total

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Adding internal costs (private costs) to external costs (costs to society) gives us the total social cost of a particular activity. It takes into account both the immediate costs to the individual or firm involved, as well as the broader costs to society as a whole, such as environmental or health impacts. Option A (private cost) only considers the costs to the individual or firm involved, while option C (psychological cost) refers to a more specific type of cost related to mental health or wellbeing. Option D (opportunity cost) refers to the cost of choosing one option over another, and is not directly related to this question.

By Adding Internal Costs to External Costs, We Determine the Total