Any Cost That Is Imposed Without Compensation on Someone Other

question 107

Multiple Choice

Any cost that is imposed without compensation on someone other than the person who caused it is called:

• A) private cost.
• B) social cost.
• C) external cost.
• D) network cost.

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Definitions:

Electronic Waste

Discarded electrical or electronic devices, which pose environmental hazards due to toxic substances if not properly managed.

Self-Driving Cars

Self-Driving Cars, also known as autonomous vehicles, are cars equipped with advanced sensors and computing power to navigate and drive without human intervention.

GPS

Global Positioning System, a satellite-based navigation system that provides location and time information anywhere on or near the Earth.

Copy Paper

Standard office paper used for printing and photocopying documents.