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What is meant by social cost​

User Jenseb
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3 votes

Answer:

Social costs are private costs borne by individuals directly involved in a transaction together with the external costs borne by third parties not directly involved in the transaction.

Step-by-step explanation:

User Nicolas Repiquet
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3 votes

Answer:

Social costs are private costs borne by individuals directly involved in a transaction together with the external costs borne by third parties not directly involved in the transaction.

Step-by-step explanation:

User Christelle
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