What is a negative externality?(1 point)

Question

Responses

Negative externalities occur when the social cost of a good or service is lower than the private cost.
Negative externalities occur when the social cost of a good or service is lower than the private cost.

Negative externalities are goods or services that are subject to the free-rider problem.
Negative externalities are goods or services that are subject to the free-rider problem.

Negative externalities occur when the social cost of a good or service is higher than the private cost.
Negative externalities occur when the social cost of a good or service is higher than the private cost.

Negative externalities are goods or services that one consumer can limit another consumer's use of.

Answer 1

Negative externalities occur when the social cost of a good or service is higher than the private cost.