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Business, 10.03.2020 19:59 alaina05

An externality arises when a firm or person engages in an activity that affects the wellbeing of a third party, yet neither pays nor receives any compensation for that effect. If the impact on the third party is beneficial, it is called a.

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An externality arises when a firm or person engages in an activity that affects the wellbeing of a t...
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