asked 82.2k views
1 vote
Costs of production that affect people who have no control over how much of a good is produced

asked
User Pexichdu
by
7.5k points

1 Answer

7 votes
SPILLOVER COSTS are costs of production that affect people who have no control over how much of a good is produced.

Spillover cost is also known as "negative externalities". This happens when costs of production are not fully reflected on market demand or supply schedules that may result to a loss or damage on a third party involved in a market transaction.
answered
User Kilgoretrout
by
7.7k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.