Responses
Negative externalities are goods or services that one consumer can limit another consumer's use of.
Negative externalities are goods or services that one consumer can limit another consumer's use of.
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 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.
1 answer
The correct response is:
Negative externalities occur when the social cost of a good or service is higher than the private cost.
This means that the actions of individuals or businesses impose costs on others that are not reflected in the market price of the good or service, leading to negative effects on society as a whole.
