Bank Pollution

True False Answer Bank Pollution is an example of an external cost. When the production of…

True False Answer Bank Pollution is an example of an external cost. When the production of a good results in pollution, priva
Answer Bank When the production of a good results in pollution, private and social costs are the same. Pollution is an exampl
True False Answer Bank Pollution is an example of an external cost. When the production of a good results in pollution, private and social costs are the same. Private costs are costs that the firm is not obligated to disclose to the public Social cost is the sum of private and external costs. The terms “social cost” and “external cost” are synonyms. Wages are an example of an external cost When the production of a good results in pollution, private and social costs are dillerent.
Answer Bank When the production of a good results in pollution, private and social costs are the same. Pollution is an example of an external cost. Social cost is the sum of private and external costs. Private costs are costs that the firm is not obligated to disclose to the public. The terms “social cost” and “external cost” are synonyms. ctivate Win When the production of a good results in pollution, private and social costs are different. Wages are an example of an external cost.