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7 May, 06:40

What is an externality?

a side effect of a good or service generating benefits or costs to someone who doesn't decide how much to produce or consume

someone who would choose to pay for a certain good or service but does not get the benefits of it if provided as a public good

someone who wouldn't choose to pay for a certain good or service but who'd get the benefits of it anyway if provided as a public good

a shared good or service for which it would be impractical to make consumers pay individually and to exclude nonpayers

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  1. 7 May, 09:06
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    The answer to your question is a
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