An Externality Is

question 9

Multiple Choice

An externality is

• A)a cost to a party not involved in the production or consumption of a good
• B)a cost to a party involved in the production or consumption of a good
• C)a benefit to a party not involved in the production or consumption of a good
• D)both a and c

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Definitions:

Location-Based App

An application that provides services or information to users based on their geographic location, leveraging GPS technology.

Crowd-Sourced

A process of obtaining needed services, ideas, or content by soliciting contributions from a large group of people, especially an online community.

Traffic Map

A visual representation of vehicular or pedestrian flow on roadways, often used to identify congestion areas and plan routes.

Share Of Voice

A metric used in marketing to measure the percentage of total advertising space or time a brand occupies compared to competitors.