Which statement about a product with external costs must be correct? A. The consumption of the product has positive effects on third parties B. The private costs of its production exceed the social costs of its production. C. The production of the product has negative effects on third parties. D. The social costs of its production exceed the social benefits of its production.

Which statement about a product with external costs must be correct? A. The consumption of the product has positive effects on third parties B. The private costs of its production exceed the social costs of its production. C. The production of the product has negative effects on third parties. D. The social costs of its production exceed the social benefits of its production.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter14: Environmental Economics

Section: Chapter Questions

Problem 7SQ

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