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1.An external effect that generates costs to a third party is called A.free-ridership B.a positive externality C.a negative externality D.a marginal private cost 2.Which of
1.An external effect that generates costs to a third party is called
A.free-ridership
B.a positive externality
C.a negative externality
D.a marginal private cost
2.Which of the following is NOT a characteristic of a private good?
A.rivalry in consumption
B.benefits of consumption are non-excludable
C.consumption of the good precludes consumption by another individual
D.the benefits to a consumer of consuming the good are exclusive to that individual
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