In what sense was this spill in the Gulf not an externality? Should the government require deepwater

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In what sense was this spill in the Gulf not an externality? Should the government require deepwater oil companies to spend whatever it takes to reduce the chance of future spills to zero?

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Microeconomics A Contemporary Introduction

ISBN: 9781305505537

11th Edition

Authors: William A. McEachern

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Question Posted: Oct 29, 2023 05:28 AM

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In what sense was this spill in the Gulf not an externality? Should the government require deepwater

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The term externality in economics refers to a side effect or consequence of an economic activity that affects parties who did not choose to be involve...View the full answer

Microeconomics A Contemporary Introduction

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