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Explain the concept of a market externality. Cite two examples of market externalities and how they create societal costs that are not necessarily captured in

Explain the concept of a market externality. Cite two examples of market externalities and how they create societal costs that are not necessarily captured in their respective transaction costs.

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Market Externality An externality is a situation wherein it is the cost or benefit that affects any ... blur-text-image

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