when the costs of an action are not fully borne by the two parties engaged in a transaction this

Name: when the costs of an action are not fully borne by the two parties engaged in a transaction this is called an a externality b opportunity cost c accounting cost d internal cost 58642
Uploaded: 2023-08-07T04:09:37-08:00
Duration: 51 s
Channel: Nick Johnson
Description: when the costs of an action are not fully borne by the two parties engaged in a transaction this is called an a externality b opportunity cost c accounting cost d internal cost 58642

Question

Nick Johnson · Accepted Answer

Step 1: Understand the concept of costs in a transaction. When two parties engage in a transacti

Question

When the costs of an action are NOT fully borne by the two parties engaged in a transaction, this is called a(n) A) externality. B) opportunity cost. C) accounting cost. D) internal cost.

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