The social cost curve is above the supply (private cost) curve becauseGroup of answer choices reflects the market for outdoor concerts in a public park surrounded by residential neighborhoods

The social cost curve is above the supply (private cost) curve becauseGroup of answer choices reflects the market for outdoor concerts in a public park surrounded by residential neighborhoods. These concerts can get a little loud and increase traffic in the area.

it takes into account the effect of local noise restrictions on concerts in parks surrounded by residential neighborhoods.

it takes into account the external costs imposed on society by the concert.

concert tickets are likely to cost more than the concert actually costs the organizers.

residents in the surrounding neighborhoods get to listen to the concert for free.