What is an externality? someone who wouldn't choose to pay for a certain good or service but who'd get the benefits of it anyway if provided as a public good someone who would choose to pay for a certain good or service but does not get the benefits of it if provided as a public good a shared good or service for which it would be impractical to make consumers pay individually and to exclude nonpayers a side effect of a good or service generating benefits or costs to someone who doesn't decide how much to produce or consume?

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28-02-2019
Business

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What is an externality? someone who wouldn't choose to pay for a certain good or service but who'd get the benefits of it anyway if provided as a public good someone who would choose to pay for a certain good or service but does not get the benefits of it if provided as a public good a shared good or service for which it would be impractical to make consumers pay individually and to exclude nonpayers a side effect of a good or service generating benefits or costs to someone who doesn't decide how much to produce or consume?

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MrsTriplet MrsTriplet · Answer 1 · 2019-03-09T20:54:28+01:00

An externality is defined as the cost or benefit that affects a group when the group did not choose to receive that cost or benefit. This results in either a position or negative consequence based on what happened to a third party that was not origionally involved.

Someone who wouldn't choose to pay for a certain good or service but who'd get the benefits of it anyway is the best definition given to be the answer to this question.

shaffers32 shaffers32 · Answer 2 · 2021-11-22T15:09:18+01:00

shaffers32 shaffers32

22-11-2021

Answer: The answer to your question is Someone who wouldn't choose to pay for a certain good or service but who'd get the benefits of it anyway

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