A cost borne not by the producer but by other people is called _______ cost.
A) an external
B) a consumer
C) a non- production
D) an unregulated

Name: A cost borne not by the producer but by other people is called _______ cost. A) an external B) a consumer C) a non- production D) an unregulated
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

An external cost refers to a cost that is not borne by the producer but by other people or society at large, often not reflected in the market price of goods or services.

A Cost Borne Not by the Producer but by Other