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business of transactions that result in positive externalities
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- How do you deal with negative externalitiesdraw a graph of a product without any externalityMacmillan Learning Incorrect An externality is defined as: the effect of an activity undertaken outside a building rather than inside a building. an effect of market activity that impacts the opposite side of the market from the side whose decision caused the effect. a side effect of an activity that affects bystanders whose interests are not taken into account. the impact of an activity on buyers and sellers in the market where the activity takes place.
- Why are externalities considered a sign of market failure?Select the factor that would be an example of a positive externality. a war in the Middle East impacting oil prices the construction of a new rail system that allows a factory to ship their products cheaper a trade war driving up steel prices for a U.S. automaker a drought that ruins a corn harvestExternalities involve A third party who receives benefits or costs Natural Selection Fingers and toes Determining the cost of land rent
