grande03
grande03 grande03
  • 20-04-2021
  • Mathematics
contestada

Think of an example of an externality and its effects on the third party.

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ItZzKhushi
ItZzKhushi ItZzKhushi
  • 20-04-2021

Answer:

Negative consumption externalities. When certain goods are consumed, such as demerit goods, negative effects can arise on third parties. Common example include cigarette smoking, which can create passive smoking, drinking excessive alcohol, which can spoil a night out for others, and noise pollution.

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