External costs that force costs (in terms, for example, of polluted air or water)onto others are also known as which of the following?

Question

Quizplus · Accepted Answer

Negative externalities are costs imposed on third parties not involved in the transaction that leads to the pollution or other forms of environmental degradation. These are external costs that affect others without their consent and are not reflected in the market prices of the goods or services causing them.

External Costs That Force Costs (In Terms, for Example, of Polluted