Social costs of a good are equal to

Name: Social costs of a good are equal to
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The social costs of a good are the total cost of producing and consuming it, including both the private costs incurred by producers and consumers, and the external costs imposed on society. Therefore, the social costs of a good are equal to the sum of the private costs and the external costs. Choice C represents this equation correctly.

Social Costs of a Good Are Equal to