A negative externality results when a 3rd party is negatively impacted by a transaction they were not involved in. In these situations, the than the marginal private cost. On the other hand, when a 3rd party is is higher positively impacted through a positive externality, are higher than Options: marginal social cost marginal private cost marginal private benefits marginal social benefits

A negative externality results when a 3rd party is negatively impacted by a transaction they were not involved in. In these situations, the than the marginal private cost. On the other hand, when a 3rd party is is higher positively impacted through a positive externality, are higher than Options: marginal social cost marginal private cost marginal private benefits marginal social benefits

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter14: Environmental Economics

Section: Chapter Questions

Problem 7SQ

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