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4 January, 03:43

What is meant by social cost

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Answers (2)
  1. 4 January, 04:09
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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. 4 January, 04:12
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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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