An external cost is a cost of producing a good or service that is
A) not paid by the producers.
B) paid by the producers.
C) paid by the government.
D) paid by the consumer and the government.

Name: An external cost is a cost of producing a good or service that is A) not paid by the producers. B) paid by the producers. C) paid by the government. D) paid by the consumer and the government.
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Question

Quizplus · Accepted Answer

External costs are costs that are not borne by the producers but rather by third parties or society at large.

An External Cost Is a Cost of Producing a Good