What Is Marginal External Cost? Give an Example

question 19

Essay

What is marginal external cost? Give an example.

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Definitions:

Autism

A developmental disorder characterized by difficulties in social interaction, communication, and by restricted and repetitive behavior.

Causal Factors

Elements or conditions that directly contribute to the occurrence of an event, phenomenon, or condition, determining its form, existence, or outcome.

Stranger Anxiety

Refers to the fear or distress that infants commonly show when approached or held by someone unfamiliar to them.

Laboratory Setting

A controlled environment where scientific experiments, investigations, and tests are carried out in order to obtain data and insights.