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18 Feb 2019
Define an externality. Give three examples of things others did that imposed a negative externality on you.
- please note that using up a limited good does not create an externality. If someone grabs the last parking spot before you get there, they didn't create an externality. There is just a shortage of the good, so you didn't get one. Nothing external about that.
Define an externality. Give three examples of things others did that imposed a negative externality on you.
- please note that using up a limited good does not create an externality. If someone grabs the last parking spot before you get there, they didn't create an externality. There is just a shortage of the good, so you didn't get one. Nothing external about that.
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Hubert KochLv2
18 Feb 2019