Which Equation Correctly Identifies Social Cost

question 86

Multiple Choice

Which equation correctly identifies social cost?

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

---

Definitions:

System Of Authority

A structured framework where rules and powers are defined and enforced by designated individuals or entities.

Virtual Communities

Are groups of people that primarily interact through communication media rather than face to face, for social, professional, educational, or other purposes.

Computer-Mediated Communities

Groups that interact through and are facilitated by computer systems, often via the internet, forming social networks with shared interests.

Common Interest

A shared concern or goal among individuals in a group, which motivates collective action or establishes a connection.