Byproducts of production or consumption that impose costs on other consumers or firms are known as _______.
A)negative externalities
B)transaction costs
C)sunk costs
D)positive externalities
E)moral hazards

Question

Byproducts of production or consumption that impose costs on other consumers or firms are known as _______.​
A)negative externalities
B)transaction costs​
C)sunk costs​
D)positive externalities​
E)moral hazards​

Quizplus · Accepted Answer

Negative externalities refer to the costs imposed on third parties, who are not involved in the production or consumption of a good or service. These costs can be in the form of pollution, traffic congestion, or noise, among others.

Byproducts of Production or Consumption That Impose Costs on Other