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True or False: An externality is when the activities of one group or individual impose costs on others for which there is no compensation.

User Kim Nyholm
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Answer:False

Step-by-step explanation:

An externality is a cost or benefit caused by a producer that is not financially incurred or received by that producer. An externality can be both positive or negative and can stem from either the production or consumption of a good or service.

User JII
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