What kinds of situations does the term ‘negative externality’ best describe?
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A.Situations where the production of goods induces costs to others that are not reflected in the prices charged for them.
B.Situations where the consumption of services induces benefits to others that are not reflected in the prices charged for them.
C.Situations where the production or consumption of a product or service\'s private price equilibrium cannot reflect the true costs of that product or service for society as a whole.
D.Situations where the production or consumption of a product or service\'s private price equilibrium cannot reflect the true benefits of that product or service for society as a whole.
B.Situations where the consumption of services induces benefits to others that are not reflected in the prices charged for them.
C.Situations where the production or consumption of a product or service\'s private price equilibrium cannot reflect the true costs of that product or service for society as a whole.
D.Situations where the production or consumption of a product or service\'s private price equilibrium cannot reflect the true benefits of that product or service for society as a whole.
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