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A positive externality is a _________________ to a _____________ party to an economic transaction outside the _________________ mechanism. It can be calculated as the difference

A positive externality is a _________________ to a _____________ party to an economic transaction outside the _________________ mechanism. It can be calculated as the difference between ______________ benefit and the _________________ benefit. _____________ benefit can be defined as the benefits to all of society. _____________ benefit can be defined as the benefits to the individuals involved in the economic transaction.

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