Examlex
If you convert photos to black and white but you want to print them in color, click the ____ button and then click Color.
Damage Cost
The monetary cost associated with the harm done to goods in an economy, which can result from disasters, accidents, or intentional acts.
Negative Externality
An adverse effect suffered by a third party as a result of an economic transaction in which they had no involvement.
Internalize
The process of incorporating the cost of externalities into the decision-making process of firms or individuals.
Marginal Social Cost
Marginal social cost is the total cost to society of producing an additional unit of a good, including both private costs and any external costs.
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