Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. social cost why don't firms and markets naturally

Social Cost Why don't firms and markets naturally take into consideration social costs?

60.1K

Verified Solution

Question

Economics

Social Cost

Why don't firms and markets naturally take into considerationsocial costs?

Answer & Explanation Solved by verified expert
3.6 Ratings (615 Votes)
Social costs incorporate both the private expenses and some other outside expenses to society emerging from the creation or utilization of a decent or administration Social costs will vary from private expenses for instance if a maker can evade the expense of air contamination control gear permitting the associations creation to forces costs wellbeing or natural corruption on different gatherings that are antagonistically influenced by the air contamination Recollect as well it isnt    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

Analyzing Transactions Using the Financial Statement Effects Template Following are selected transactions of Mogg Company. Record the...

Psychology
1.2K views

In movie \" Homeless to Harvard: The Liz Murray Story (2003) \" . Imagine that you...

Physics
1.2K views

A home run is hit in such a way that the baseball just clears a wall...

Physics
1.2K views

Consider a damped harmonic oscillator whose mass m 0 05 kg k 5 0 N...

Physics
1.2K views

The magnetic circuit of Fig 2 10 has cast steel core The cross sectional area...

Calculus
1.2K views

A Norman window has the shape of a semicircle atop a rectangle so that the...

Accounting
1.2K views

The contribution format income statement for Huerra Company for last year is given...

Accounting
1.2K views

On September 3, 1992, Mr. Lovett buys some equipment from the Excello Company. He signs...

Accounting
1.2K views

What part of planning helps managers with controlling? O ensuring that employees know what they...

Accounting
1.2K views

Cheyenne Company is evaluating the purchase of a rebuilt spot-welding machine to be used in...

Accounting
1.2K views

Problem 14-4 (Algo) Bond amortization schedule [LO14-2] On January 1, 2021, Tennessee Harvester Corporation issued...

Finance
1.2K views

Over the past several weeks you have assembled a small stock portfolio via the purchase...