An externality is a situation in which
A) private costs diverge from social costs.
B) internal costs diverge from private costs.
C) there are no social costs.
D) the cost borne by the consumer is greater than the monetary price.
Answer: A
Economics
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In the above figure, the intersection of curves A and B is the point at which
A) average total cost is minimized. B) average variable cost is minimized. C) average fixed cost is minimized. D) total product is maximized.
Economics
Since 1999, the U.S. ________ account has recorded relatively minor transactions, such as migrants' transfers, and sales and purchases of nonproduced, nonfinancial assets
A) capital B) financial C) current D) balance of trade account
Economics