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7 May, 22:35

What is meant by social cost

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Answers (2)
  1. 8 May, 00:14
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    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.
  2. 8 May, 01:25
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    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.
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