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Market Failure: Externalities
Introducing Market Failure
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Economics Textbooks Boundless Economics Market Failure: Externalities
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Economics
Concept Version 9
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Introducing Externalities

Externality

Externality

An externality is a cost or benefit that results from an activity or transaction and that affects an otherwise uninvolved party who did not choose to incur that cost or benefit.

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    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Externality."
    http://en.wikipedia.org/wiki/File:Externality.svg Wikipedia CC BY-SA.

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