cost externality
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Which of the following is not an example of a cost externality?
a) the dumping of industrial waste into a lake
b) unsightly billboards
c) a neighbor that blasts his stereo system
d) the building of a new type of jet fighter bomber
e) all of the above
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Solution Summary
Externalities are briefly defined.
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As per tutor 2 u, "Externalities are common in virtually every area of economic activity. They are defined as third party (or spill-over) effects ...
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