MCQOPTIONS
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| 1. |
An externality is ? |
| A. | the benefit that accrues to the buyer in a market |
| B. | the cost that accrues to the seller in a market |
| C. | none of these answers |
| D. | the compensation paid to a firm’s external consultants. |
| E. | The uncompensated impact of one person’s actions on the well-being of a bystander |
| Answer» F. | |