The Difference Between Social Cost and Private Cost Is a Measure

question 449

Multiple Choice

The difference between social cost and private cost is a measure of the

• A)loss in profit to the seller as the result of a negative externality.
• B)cost of an externality.
• C)cost reduction when the negative externality is eliminated.
• D)cost incurred by the government when it intervenes in the market.

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Definitions:

Axillary Artery

A major artery located under the arm, providing blood supply to the upper limb and parts of the thoracic area.

Brachial Artery

A major blood vessel of the upper arm, responsible for supplying oxygenated blood to the arm and hand.

Radial Artery

A major artery in the forearm that supplies blood to the lateral aspect of the hand and is commonly used for checking the pulse.