A situation in where the costs of an action are NOT fully borne by the two parties engaged in exchange is

Name: A situation in where the costs of an action are NOT fully borne by the two parties engaged in exchange is
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An externality is a situation where the costs of an action are not fully borne by the two parties engaged in exchange, but are instead either shifted to a third party or shared among multiple parties. This can result in inefficient outcomes and market failure.

A Situation in Where the Costs of an Action Are