What does it mean to say that an individual or a firm has internalized an externality?

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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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Question Posted: Dec 15, 2015 07:54 AM

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What does it mean to say that an individual or a firm has internalized an externality?

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Externalities are external costs or benefits that firms or consumers do not consider wh...View the full answer

Microeconomics

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