Examlex
Post-purchase dissonance has been shown to be unrelated to customer satisfaction because it occurs after customers have satisfied their needs.
Pollution Permits
Allowances given to companies that permit them to emit a certain amount of pollutants; can be bought, sold, or traded.
External Benefit
Positive effects of a transaction or activity on third parties not directly involved in the transaction, which are not reflected in the market price.
Negative Externality
A negative externality is a cost imposed on a third party not involved in the production or consumption of a good or service, such as pollution.
Positive Externality
A beneficial effect experienced by a third party who did not choose to incur that benefit, often resulting from an individual's or firm's actions.
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