Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A negative externality (likewise called outside cost or outer diseconomy) is a monetary action that forces an adverse consequence on an inconsequential outsider. It can

image text in transcribed
A negative externality (likewise called "outside cost" or "outer diseconomy") is a monetary action that forces an adverse consequence on an inconsequential outsider. It can emerge either during the creation or the utilization of a decent or service. [19] Pollution is named an externality since it forces costs on individuals who are "outer" to the maker and customer of the dirtying product. [20] Barry Commoner remarked on the expenses of externalities

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Management

Authors: Robbins, DeCenzo, Coulter

7th Edition

132996855, 0-13-610982-9 , 9780132996853, 978-0-13-61098, 978-0136109822

More Books