The Social Cost of an Externality Can Be Described As

question 2

Multiple Choice

The social cost of an externality can be described as:

• A)always equal to the tax the government imposes on production of the good
• B)the cost imposed on society that is neglected during the production of the good
• C)the situation that arises when two parties cannot reach an agreement over the production of a good
• D)the value people place on the production of a good

---

Definitions:

Population Variances

A measure of the spread or dispersion within a dataset, representing the average of the squared differences from the mean of the population.

Fitness Program

A structured regimen or plan designed to achieve physical fitness goals, such as improving strength, flexibility, endurance, or overall health.

Population Variances

A statistical measure that represents the dispersion or spread of a set of data points in a population.

Profit Margin

A financial ratio, often expressed as a percentage, that compares a company's net income to its sales. It reveals how much profit a company makes for each dollar of its sales.