What Is the Externality for the Following Description

question 12

Short Answer

what is the externality for the following description.
-This might arise if a firm producing pharmaceuticals dumps its waste in a river or pollutes the air.

---

Definitions:

Price Orientation

An approach to pricing strategy focused on the cost to set prices, where customer demand or competition may play a secondary role.

Donuts

A type of fried dough confection or dessert food, commonly circular with a hole in the middle, often glazed or sugar-coated and sometimes filled.

Demand Curve

A graphical representation showing the relationship between the price of a product and the quantity of the product that consumers are willing and able to buy.

Economic Theory

Economic theory involves a set of principles explaining how economies operate, including the production, distribution, and consumption of goods and services.