Asked by Katherine Lupercio on May 29, 2024

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An example of a societal environmental cost is:

A) monitoring costs.
B) provisions for potential oil-spill clean up.
C) when a firm produces a product that is difficult to dispose of safely.
D) buying equipment to prevent environmental damage.

Societal Environmental Cost

A cost associated with environmental degradation or improvement, borne by society as a whole due to economic activities.

Oil-Spill Clean Up

Refers to the methods and technologies used to remove or mitigate the impacts of oil spills in the environment, often involving mechanical, biological, and chemical techniques.

Product Disposal

The process of safely getting rid of excess, obsolete, or defective goods in a manner that adheres to environmental and legal standards.

  • Evaluate the obstacles involved in reporting on environmental and social impacts.
  • Identify concealed environmental expenses and their significance in the inclusion within environmental cost evaluations.
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Dessy ChristinaMay 30, 2024
Final Answer :
C
Explanation :
When a firm produces a product that is difficult to dispose of safely, it creates a societal environmental cost. This is because the cost of disposing of the product safely falls on society as a whole, rather than just the firm. This can include the cost of managing waste disposal facilities or cleaning up pollution caused by the product. Monitoring costs, provisions for potential oil-spill clean up, and buying equipment to prevent environmental damage are all costs that the firm itself would incur, rather than creating a societal cost.