Answered

29. An externality in which a third party bears a cost is referred to as a _externality.
Onegative
O positive
Oreal
None of the above



Answer :

GinnyAnswer

Final answer:

Externalities involve costs or benefits affecting third parties, classified as negative or positive.


Explanation:

Externalities occur when a transaction between a buyer and seller affects a third party not involved in the exchange. A negative externality involves a cost imposed on a third party, like pollution, while a positive externality entails a benefit received by a third party without paying for it.


Learn more about Externalities here:

https://brainly.com/question/43211939


Other Questions