All of the Following Are Examples of an External Cost

question 18

Multiple Choice

All of the following are examples of an external cost except:

• A)the smoke nuisance of a factory.
• B)zoning restrictions on your property.
• C)land defilement from strip mining.
• D)weeds on your next-door neighbor's lawn.

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Definitions:

Geographical Distribution

The physical locations where a population, species, or commercial activity is found or targeted.

Investment

The allocation of resources, often money, into a venture with the expectation of generating income or profit over time.

Cost-Leadership Strategy

A business strategy aimed at achieving the lowest operational costs within an industry to offer products or services at lower prices than competitors.

Competitive Advantage

A unique attribute or set of attributes that allows an organization to outperform its competitors, often leading to greater sales or market share.