What is externality.    Explain its both types negative and positive too.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter12: Environmental Protection And Negative Externalities
Section: Chapter Questions
Problem 15RQ: Give an example of a positive externality and an example of a negative externality.
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What is externality. 

 

Explain its both types negative and positive too.

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