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    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 14: Externalities, Market Failure, and Public Choice
  5. Question
    Social Cost Is
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Social Cost Is

Question 7

Question 7

Multiple Choice

Social cost is


A) private cost minus external cost
B) the same as external cost
C) the same as production cost
D) private cost divided by external cost
E) private cost plus external cost

Correct Answer:

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