Cattle sometimes wander into the
neighboring farm and create a
externality in terms of crop loss.
Answers
Answered by
1
Answer:
Explanation:
There are four main types of externalities – positive consumption externalities, positive production externalities, negative consumption externalities, or negative production externalities.
Answered by
1
Answer: The mention type of externality is negative consumption which leads to crop loss.
- An externality is a cost or benefit imposed onto a third party, which is not factored into the final price.
- types of externalities;
- positive consumption, positive production, negative consumption and negative production
- externalities create a social cost where goods are undersupplied or create damage to the environment.
Explanation:
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