Question: describes a situation where a third party, outside the transaction, suffers from a market transaction by others. Negative externality Positive externality A spillover A market
describes a situation where a third party, outside the transaction, suffers from a market transaction by others.
Negative externality
Positive externality
A spillover
A market failure
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
