Question

What are externalities?




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Answer 1

In economics, an externality is the cost or benefit that affects a party who did not choose to incur that cost or benefit. Externalities often occurs when a product or service's price equilibrium cannot reflect the true costs and benefits of that product or service.

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Answer 2

Answer:

a consequence of an industrisl or commercial activity which affects othet parties without this being reflected in market prices such as the pollination of surroundings crops by bees kept for honey