The annual costs associated with automobile fatalities in the U.S. are an example of:

Question

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Market externalities are costs or benefits that affect a party who did not choose to incur that cost or benefit. The annual costs associated with automobile fatalities in the U.S. are an example of negative externalities, as they represent costs to society (such as medical expenses, lost productivity, and emotional distress) that are not directly borne by the individuals involved in automobile accidents.

The Annual Costs Associated with Automobile Fatalities in the U