Environmental pollution is an example of a social cost that is seldom borne completely by the polluter, thereby creating a negative externality.
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Social cost - Wikipedia, the free encyclopedia y transaction costs, such as walking to the stand.
1 Implications 2 Theory 3 Notes 4 Literature 5 See also
If there is a negative externality, then social costs will be greater than private costs. <span>Environmental pollution is an example of a social cost that is seldom borne completely by the polluter, thereby creating a negative externality. If there is a positive externality, then one will have higher social benefits than private benefits. For example, when a supplier of educational services indirectly benefits society as a
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