Externalities represent Group of answer choices the social cost associated with the production of a good or service. the costs added by third parties to the production of a good or service in a market. the costs or benefits received by third parties from the production activities in a market.

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter14: Environmental Economics
Section: Chapter Questions
Problem 2SQ
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Externalities represent
Group of answer choices
the social cost associated with the production of a good or service.
the costs added by third parties to the production of a good or service in a market.
the costs or benefits received by third parties from the production activities in a market. 
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