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A negative externality: a. is any cost above the economic cost. b. equals the social cost plus the firm's private cost. c. is an uncompensated

A negative externality:

a.

is any cost above the economic cost.

b.

equals the social cost plus the firm's private cost.

c.

is an uncompensated cost imposed by an individual or firm on others.

d.

equals the opportunity cost minus the social costs.

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