An External Cost Is Best Defined as the Cost of an Activity

question 79

Multiple Choice

An external cost is best defined as the cost of an activity paid for by

• A) the individual who is engaged in the activity.
• B) the government.
• C) a third party.
• D) a free-rider.
• E) the individual and the third party.

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Definitions:

Marketspace Company Presence

A company's strategic visibility and engagement in the digital domain, encompassing online marketing, e-commerce, and digital branding.

Multichannel Marketing

The practice of interacting with customers using a combination of indirect and direct communication channels to sell products or services.

Opt-out

A provision that allows individuals or companies to exclude themselves from a particular service or agreement, often related to subscriptions or advertising.

Consent-revocation

The process by which an individual withdraws their previously given permission or agreement, commonly applied in legal, medical, and data privacy contexts.