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Describe How Both Consumers and Producers Can Create Externalities and Give

question 220

Essay

Describe how both consumers and producers can create externalities and give an example of each.


Definitions:

Employer

A person or organization that hires people to work for wages or salary.

Endangerment

The act of putting someone or something at risk or in danger of being harmed or destroyed.

Laws

Rules and guidelines, established by a community or authority, governing behavior.

Static

Persistent or unchanging conditions; in electronics, it refers to random noise that can interfere with signal clarity.

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