True/False
An externality is the effect that occurs when the production or consumption of a good directly affects a third party.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q179: Exhibit 15-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 15-3
Q180: If a good's production process results in
Q181: When a positive externality exists, the equilibrium
Q182: Explain why, in the case of negative
Q183: Private markets do not provide national defense
Q185: Rights to the use of, sale of,
Q186: Historically, an overgrazing problem was solved by
Q187: One role of government is to define
Q188: If output is produced at the level
Q189: The government provides national defense because free