If a Person Does NOT Pay All Costs Associated with a Particular

Multiple Choice

If a person does NOT pay all costs associated with a particular resource-using activity, then

A) the external costs of the activity are greater than the private costs of the activity.
B) the social costs of the activity are greater than the private costs of the activity.
C) the external costs of the activity are greater than the internal costs of the activity.
D) the full costs of the activity are the sum of private costs plus internal costs.