Explicit costs include
A) monitoring expenses incurred by the government
B) enforcement costs paid by the public sector
C) compliance costs incurred by all economic sectors
D) all of the above
E) none of the above

Question

Quizplus · Accepted Answer

Explicit costs are direct payments made to others in the course of running a business or an operation, including costs like monitoring, enforcement, and compliance costs, regardless of the sector incurring them.

Explicit Costs Include