If a production process causes a negative externality, then the social cost of production will be _______ the private cost of production.
A)larger than
B)the same as
C)smaller than
D)zero, unlike

Question

Quizplus · Accepted Answer

When a production process causes a negative externality, it means that there are additional costs to society that are not borne by the producer. Therefore, the social cost, which includes both the private costs and the external costs, will be larger than the private cost of production.

If a Production Process Causes a Negative Externality, Then the Social