Externalities consist of ___________________.

Name: Externalities consist of ___________________.
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Question

Quizplus · Accepted Answer

Externalities can refer to both external costs and external benefits. External costs refer to negative impacts on individuals or society that are not reflected in the market price, such as pollution or traffic congestion. External benefits refer to positive impacts that also are not reflected in the market price, such as improved public health or reduced crime rates.

Externalities Consist of ___________________