An externality is a cost or a benefit that arises from production and that falls on someone

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An externality is a cost or a benefit that arises from production and that falls on someone other than the producer; or a cost or a benefit that arises from consumption and that falls on someone other than the consumer.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Nov 11, 2024 08:01 AM

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An externality is a cost or a benefit that arises from production and that falls on someone

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Foundations Of Microeconomics

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