Sitting near someone who smokes exposes you to "secondhand smoke;" therefore smoking creates a(n) ( Select )

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter14: Transaction Costs, Asymmetric Information, And Behavioral Economics
Section: Chapter Questions
Problem 4.10P
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Answer this for me mate. Much appreciated.

Sitting
near someone who smokes exposes you to "secondhand smoke;" therefore smoking creates a(n)
| Select J
Transcribed Image Text:Sitting near someone who smokes exposes you to "secondhand smoke;" therefore smoking creates a(n) | Select J
external benefit
private cost
negative externality
positive externality
private benefit
Transcribed Image Text:external benefit private cost negative externality positive externality private benefit
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