The costs of a market activity paid for by an individual NOT engaged in the market activity are:

Name: The costs of a market activity paid for by an individual NOT engaged in the market activity are:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

External costs are costs of a market activity that are paid for by individuals who are not engaged in the market activity. These costs are not reflected in the price of the good or service, and are therefore considered to be external to the market.

The Costs of a Market Activity Paid for by an Individual