A Negative Externality

question 183

Multiple Choice

A negative externality:

• A)is any cost above the economic cost.
• B)equals the social cost plus the firm's private cost.
• C)is an uncompensated cost imposed by an individual or firm on others.
• D)equals the opportunity cost minus the social costs.

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Definitions:

Difference

The state or condition of being unlike or dissimilar; variations between entities in any characteristic or aspect.

Conceptualize

The process of forming a concept or idea by combining various elements in the mind.

Personality Disorders

A group of mental health conditions characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, 5th Edition, a comprehensive classification and diagnostic tool for mental disorders used by professionals in psychiatry, psychology, and healthcare.