An externality is a. an economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume. b. the total cost to society of producing an additional unit of a good or service. c. the amount a consumer pays to consume an additional amount of any particular good. d. a situation in which the market, on its own, does not distribute resources efficiently.
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An externality is a. an economic side effect of a good or service that generates benefits or costs t...
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