What is externality? How is externality associated with the fact that environmental resources lack clearly defined ownership
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What is externality? How is externality associated with the fact that environmental resources lack clearly defined ownership rights? Try to be specific.
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An externality refers to a situation where the production or consumption of goods or services by one party affects the welfare or utility of other parties who are not directly involved in the transact...View the full answer
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Related Book For 
Principles Of Environmental Economics And Sustainability
ISBN: 9780815363545
4th Edition
Authors: Ahmed Hussen
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