joshsd8461 joshsd8461

10-03-2020
Business

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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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Mona0991 Mona0991

15-03-2020

Answer: It is called a Beneficial Externality

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