The provided statement is false that the third parties receive the cost or benefit totally depending on the type of externalities.
What is an externality?
An externality is a cost or a benefit that is not earned by the manufacturer but is generated by him/her.
Externalities can be positive or negative. When there is an advantage or benefit received to a third party from manufacturing or consumption, then it is called a positive externality whereas the negative externality is the one when the cost is received to the third party manufacturing or consuming a product.
Therefore, the type of externality will decide the benefit or cost earned by the third party.
Learn more about the externalities in the related link:
https://brainly.com/question/24233609
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