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7.4.3 definition of positive externality and negative externality
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What Is an Externality?

What Is an Externality?

An externality is a spillover cost or benefit from the production or consumption of a good that affects a third party and is not reflected in the market price. The buyer and seller therefore make decisions without considering the full effect on outsiders.

7.4.3 definition of positive externality and negative externality Lesson

  1. Intl A Level
  2. /Economics
  3. /7.4.3 definition of positive externality and negative externality

Step-by-step lessons on CIE Intl A Level Economics 7.4.3 definition of positive externality and negative externality. Each one builds up to exam-style questions.