A negative externality:
A) is a payment received to parties not involved in the production or consumption of a good.
B) is a cost borne by parties not involved in the production or consumption of a good.
C) results from the absence of well-defined property rights.
D) is a cost borne by parties not involved in the production or consumption of a good and results from the absence of well-defined property rights.
Correct Answer:
Verified
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