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    Modern Principles of Economics Study Set 2
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    Exam 10: Externalities: When the Price Is Not Right
  5. Question
    Explain in Your Own Words: 1) What Is an Externality
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Explain in Your Own Words: 1) What Is an Externality

Question 93

Question 93

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Explain in your own words: 1) What is an externality? and 2) What is the difference between a negative and positive externalities. Provide examples.

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Externalities are side effects of a prod...

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