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What Is the Consequence of a Positive Externality in a Market

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Essay

What is the consequence of a positive externality in a market? What is the consequence of a negative externality? Why those consequences occur?


Definitions:

Communication

The act of conveying meanings from one entity or group to another through the use of mutually understood signs, symbols, and semiotic rules.

Task Maturity

Refers to the level of ability and willingness of an individual or group to effectively complete a specific task or job.

Attitudes

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.

Satisfaction

The feeling of contentment or pleasure when one's wants, needs, or expectations are fulfilled.

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