A(n)__________ is an effect of a purchase or use decision by one set of parties on others who did not have a choice and whose interest was not taken into account.

Question

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An externality is an effect of a purchase or use decision by one set of parties on others who did not have a choice and whose interest was not taken into account. Bystander influence refers to the phenomenon where the presence of other people affects an individual's behavior. "Afflicting action" and "affectation" are not commonly used terms in economics and do not accurately describe the concept of externalities.

A(n)__________ Is an Effect of a Purchase or Use Decision