An Externality Exists When the Cost or Benefit Resulting from Some

question 169

True/False

An externality exists when the cost or benefit resulting from some activity or transaction is experienced by parties external to the activity or transaction.

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Definitions:

Business Consultants

Professionals who provide expert advice in a particular area of business, such as management, operations, or marketing, to help organizations improve performance.

Index

A statistical measure or indicator often used in finance to represent the performance of a group of assets or a sector of the market.

Interpret

To explain or provide the meaning of something, often requiring analysis or understanding of context.

Quality

pertains to the degree of excellence or superiority that a product, service, or process possesses.