15 Nov 2021
Problem 15
Page 294
Section: REVIEW QUESTIONS
Chapter 12: Environmental Protection and Negative Externalities
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15 Nov 2021
Introduction
An externality is described as positive or negative effects which an economic activity would be experiencing on account of the unrelated third parties. The positive externality has positive effects on the people while the negative externality creates negative effects which need to be paid for people just suffer.
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