Which of the following is the external cost of a business deal? A cost paid directly by a producer or consumer. The cost paid by a bystander or third-party. The costs of everyone combined.

When we talk about external costs, we’re diving into the world of economics where sometimes what seems like a good deal for a business can actually have hidden costs for others. Think about pollution from a factory; the factory benefits while nearby residents suffer from poor air quality. Those health issues or declines in property values? Yep, that’s all external costs adding up! In real life, when companies fail to account for these external costs, they can face backlash from communities or even government regulations. Incorporating a sustainability plan not only improves a company’s image but helps avoid costly fines or legal troubles later. It's a win-win for business and society!