Which of the following is defined as any valued impact resulting from any action that affects someone who did not fully consent to it through participation in a voluntary exchange?

Name: Which of the following is defined as any valued impact resulting from any action that affects someone who did not fully consent to it through participation in a voluntary exchange?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An externality is an economic term for a cost or benefit that affects a third party who did not choose to incur that cost or benefit.

Which of the Following Is Defined as Any Valued Impact