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What Is an Externality

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What is an externality?


Definitions:

Dependent Variable

The variable being tested and measured in an experiment, which is influenced by the independent variable.

Experimental Results

The data and observations collected during an experiment, which are analyzed to draw conclusions about the hypothesis tested.

Centimeter

A unit of length in the metric system, equal to one hundredth of a meter, commonly used to measure small distances or heights.

Inch

A unit of length in the British imperial and United States customary systems, equal to 1/12 foot or 2.54 centimeters.

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