An externality can be a
A) cost or a benefit.
B) benefit but not a cost.
C) cost but not a benefit.
D) marginal cost but not a total cost.

Name: An externality can be a A) cost or a benefit. B) benefit but not a cost. C) cost but not a benefit. D) marginal cost but not a total cost.
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Question

Quizplus · Accepted Answer

An externality can be either a cost or a benefit that affects a third party who did not choose to incur that cost or benefit.

An Externality Can Be a