Question: External and internal costs: a How do external and internal environmental costs differ? Provide three examples of an external, and four examples of an internal,

External and internal costs:

a How do external and internal environmental costs differ? Provide three examples of an external, and four examples of an internal, environmental cost. In your examples of internal environmental costs include examples of one direct, one indirect, one contingent and one intangible environmental cost.

b Are the following contingent costs internal or external: natural resource damages; personal injury damages; economic loss damages?

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