Which of the Following Answers Correctly Identifies Social Cost

question 22

Multiple Choice

Which of the following answers correctly identifies social cost?

• A)market price + external cost = social cost (True Answer )Correct
• B)external cost - market price = social cost
• C)market price + cost of production = social cost
• D)negative externality + positive externality = social cost

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Definitions:

Emotions

Three-dimensional emotional states characterized by a person's subjective feeling, their body's physical response, and the way this emotion is manifested through behavior or expression.

Feelings

Emotional states or reactions that are subjectively experienced as a response to external or internal events.

Perceptions

The process by which individuals interpret and assign meaning to sensory information and experiences.

Behavior

Behavior pertains to the actions or reactions of an individual or group in response to external or internal stimuli.