Private costs a) are borne by producers of a good while social costs are borne by government. b) are borne by consumers of a good while social costs are borne by government. c) are borne by producers of

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asked Mar 16, 2020 190k views

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Private costs

a) are borne by producers of a good while social costs are borne by government.
b) are borne by consumers of a good while social costs are borne by government.
c) are borne by producers of a good while social costs are borne by society at large.
d) are borne by producers of a good while social costs are borne by those who cannot afford to purchase the good.