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The price that consumers pay for a company's products does not reflect the cost to society of any pollutants or damage to the environment; that cost is called ______ by economists.
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The price that consumers pay for a company's products does not reflect the cost to society of any pollutants or damage to the environment; that cost is called ______ by economists.

User Mingfei
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Answer:

Externalities

Step-by-step explanation:

An environmental issue in economic theory is the expense or profit that is levied on a 3rd person by one or more parties that have not agreed to pay the cost or advantage. In the 1920s, the economist Arthur Pigou gradually introduced the idea of externality.

User Dionisio
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