Which of the following tiers of environmental costs would not be classified as a 'private cost'?

Question

Quizplus · Accepted Answer

Private costs refer to costs that are borne by individuals or companies directly involved in a transaction or activity. Hidden costs, relationship and image costs, and conventional costs are all examples of private costs. Societal costs, on the other hand, refer to costs that are borne by society as a whole, such as pollution and other types of environmental damage. Therefore, societal costs would not be classified as a 'private cost'.

Which of the Following Tiers of Environmental Costs Would Not