Question: Externalities exist when: Select one: a.costs of a polluting activity imposed on others are not directly borne by the polluter. b.private benefits equal social benefits.

Externalities exist when:

Select one:

a.costs of a polluting activity imposed on others are not directly borne by the polluter.

b.private benefits equal social benefits.

c.private costs and benefits equal social costs and benefits.

d.private costs equal social costs.

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