Answer to Question #146108 in Microeconomics for Muelelwa

Question #146108
What are externalities
1
Expert's answer
2020-11-25T11:29:56-0500

Externalities are costs or benefits caused by a producer that is not financially incurred or received by that producer. An externality can be both positive or negative and can stem from either the production or consumption of a good or service. 


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