Economics · Externalities
An externality is defined as the ________ by a non-consumer/third-party which is not accounted for in the price of the commodity concerned.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Cost incurred
- 2Benefit enjoyed
- 3Cost incurred or benefit enjoyed✓
- 4Cost of a commodity produced
Correct answer
Cost incurred or benefit enjoyed
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