An external cost: Select one: a. leads to economic efficiency only when private costs are greater than external costs. b. causes markets to allocate resources efficiently. c. affects producers but not consumers. d. is a cost paid by people other than the producer or consumer trading in the market.
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Home » Business » An external cost: Select one: a. leads to economic efficiency only when private costs are greater than external costs. b. causes markets to allocate resources efficiently. c. affects producers but not consumers. d.