Question 9 (1 point) Listen Explicit costs involve a payment of money. True O FalseQuestion 3 (1 point) ) Listen Economic profit = Total revenues - Explicit costs Total revenues - Marginal costs O.Total revenues - Implicit costs Total revenues - Explicit costs - Implicit costsQuestion 4 (1 point) Listen Externalities can cause market failure because all the benefits and costs are fully captured by those buying and selling the good/service. all the benefits and costs are not fully captured by those buying and selling the good/service. the optimal quantity of the good will always be zero when there's an externality. people refuse to trade goods with associated externalities.Question 7 (1 point) Listen A market failure leads to an inefficient distribution of goods/services. can never be corrected by government. can only be corrected by government. Oleads to an efficient distribution of goods/services.Question 5 (1 point) () Listen Which of the following is NOT an example of an explicit cost? O Utilities payments O Depreciation of assets O Lease payments Wages