A Negative Externality

Multiple Choice

A negative externality:

A) is a payment received to parties not involved in the production or consumption of a good.
B) is a cost borne by parties not involved in the production or consumption of a good.
C) results from the absence of well-defined property rights.
D) is a cost borne by parties not involved in the production or consumption of a good and results from the absence of well-defined property rights.