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Negative Externalities Are the Additional Costs Incurred by Business Due

question 17

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Negative externalities are the additional costs incurred by business due to the outside regulations placed by government.


Definitions:

Parallel Reliabilities

Measures of the reliability of systems or components arranged in parallel, indicating the overall system's ability to operate effectively even if one component fails.

Expected Time

An estimation of the duration a task or project is most likely to take, considering probabilities of various outcomes.

Probability

A measure of the likelihood that an event will occur.

Specified Time

A defined or agreed-upon duration within which a task, operation, or process is to be completed.

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