Show you understand what an externality is by choosing the statement that best exemplifies it. In the Greater Toronto Area
Select one:
Oa. the retail price of tomatoes depends on the distance between the farm / greenhouse and the store where they can be bought, e.g. if they're grown near Niagara Falls, they cost $4 a pound in (further away) Whitby vs. $3.50 a pound in (closer) Hamilton
Ob. a bag of potato chips costs $3.00, but this doesn't take into account hidden costs like fertilizer runoff that harms water quality, packaging waste, the carbon footprint of shipping the bags, and the obesity the chips cause
Oc. the cost of an imported Ford Edge is higher ($22,000) versus a domestically produced Ford Edge ($20,750), since the imported version has to be shipped in from outside Canada
Od. regular gasoline costs $1.50 a litre, but if one subtracted all provincial and federal taxes that make it more expensive, its real cost would be more like $0.98 (98 cents) a litre