A Cost Not Borne by the Producer but Borne by Other

question 128

Multiple Choice

A cost not borne by the producer but borne by other people is known as ________ cost.

• A) a marginal
• B) an internal
• C) an external
• D) a nonessential
• E) a subsidized

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Definitions:

Incarceration

The act of confining someone in a prison or similar facility.

Compensatory Damages

Compensatory Damages are awarded in civil lawsuits as a monetary compensation to the plaintiff for losses or injuries suffered due to the defendant's actions.

Breach of Contract

The failure to perform as specified in a contract without a legitimate legal excuse.

Statute of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by the party to be charged, in order to be enforceable.