The Difference Between Private Cost and Social Cost Is That

question 238

Multiple Choice

The difference between private cost and social cost is that

• A) social cost only considers the external cost borne by society.
• B) social cost only considers the cost borne by people other than the producer.
• C) private cost only considers the cost borne by producers of the good.
• D) social cost also includes any external benefit whereas private cost excludes all external benefits.
• E) there is no difference; the terms refer to the same cost.

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Definitions:

Social Media Component

Elements or features within a social media platform, such as hashtags, likes, or direct messaging, that facilitate interaction and connectivity.

Listening Strategies

Techniques used to actively understand and analyze the conversations, sentiments, and trends of stakeholders on social media or other communication channels.

Networking Offline

The act of engaging and connecting with professional contacts in person rather than through digital means.

Personal Branding

The practice of marketing individuals and their careers as brands, emphasizing unique attributes.