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Eco Final Exam Questions and answers
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Eco Final Exam Questions and answers An externality arises when a firm or person engages in an activity that affects the wellbeing of a third party, yet neither pays nor receives any compensation for that effect. If the impact on the third party is ADVERSE, it is called a - negative externality An externality arises when a firm or person engages in an activity that affects the wellbeing of a third party, yet neither pays nor receives any compensation for that effect. If the impact on the third party is BENEFICIAL, it is called a - positive externality command-and-control policy - remedies an externality by legally limiting a specific behavior by a specific entity
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BTCS - Broadband TelecomCenter Specialist
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BTCS - Broadband TelecomCenter Specialist
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