An External Cost Is

question 86

Multiple Choice

An external cost is

• A) MSC + MC.
• B) MSC ‐ MC.
• C) MSC/ MC.
• D) MSC × MC.

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Definitions:

Rapidly Rising Wages

A situation where the remuneration for employees increases at a fast pace within a short period.

Increased Job Creation

The process of generating more employment opportunities within an economy or a specific sector.

Competitive Advantage

The unique attributes or circumstances that allow an organization to outperform its competitors.

Tangible Assets

Refers to physical and material assets that an organization owns, such as buildings, machinery, and inventory.