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A factory located near a residential area emits harmful pollutants into the air, causing health issues for the nearby residents. The factory owner, however, does
A factory located near a residential area emits harmful pollutants into the air, causing health issues for the nearby residents. The factory owner, however, does not bear the full cost of these negative consequences. What type of externality is illustrated in this scenario? Question 9 options: Positive externality Negative externality Internalized externality Marginal externality
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