In the Analysis of Externalities and Market Failure, a Third

Multiple Choice

In the analysis of externalities and market failure, a third party is

A) the party a contractual agreement is meant to benefit
B) a person, or persons, who is unintentionally affected by the actions of others
C) the third person in a three-way contract
D) the person who owns the property right in a contract
E) the government attempting to mediate a dispute between the two other parties