Asked by
Mikaella Garbes
on Nov 05, 2024
Verified
Externalities involve the imposition of costs or benefits on parties outside an activity or transaction.
Externalities
Economic side effects or consequences of industrial or commercial activity that affect other parties without being reflected in the costs of the goods or services involved.
- Familiarize oneself with the principles of externalities and their consequences on the welfare of the community.
Verified Answer
JT
Learning Objectives
- Familiarize oneself with the principles of externalities and their consequences on the welfare of the community.
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