164k views
1 vote
Which statement defines externality?

2 Answers

2 votes

Answer:

D. It is the impact of production and consumption on unrelated third parties.

Step-by-step explanation:

User KyleLib
by
8.2k points
6 votes
It would be the impact of production and consumption on unrelated third parties that best defines the term externality. It is a consequence of an economic activity experienced by unrelated third parties; it can be either positive or negative.
User DaemonThread
by
8.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.