External Costs Occur Because

question 22

Multiple Choice

External costs occur because

• A)Private costs do not reflect the full costs to society.
• B)Government failure increases costs for the firm.
• C)All costs are absorbed by the firm.
• D)Firms make a choice other than the most cost-efficient production method.

---

Definitions:

Finger Sweep

A first aid technique used to remove an obstructing object from the mouth of a choking individual when the object is visible and easily reachable.

Dislodged

Refers to something being removed or forced out from a fixed position.

Airway

The path that air follows to get into and out of the lungs.

Myocardial Infarction

A medical condition also known as a heart attack, resulting from the blockage of blood flow to the heart muscle.