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Garland Owls11
on Oct 26, 2024

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A coal-powered electrical generator that discharges smoke into the air and causes uncompensated costs and discomfort to residents of a town has a(n) :

A) quasi-public good.
B) external cost.
C) external benefit.
D) specific tax.

External Cost

A cost that affects parties who are not directly involved in a transaction, leading to negative outcomes like pollution that are not reflected in market prices.

Coal-Powered

Refers to machines, plants, or devices that operate or are fueled by coal.

Electrical Generator

A device that converts mechanical energy into electrical energy, typically through rotating a coil within a magnetic field.

  • Comprehend the notion of negative externalities and their influence on societal well-being.
  • Foresee the repercussions of external costs on market performance.
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Dakaria StevensonOct 31, 2024
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