Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

The term ______________________ refers to a market exchange that affects a third party who is outside or external to the exchange. social costs spillover market failure private costs

Sagot :

okpalawalter8

The term spillover refers to a market exchange that affects a third party who is outside or external to the exchange. This is further explained below.

What is spillover?

Generally,  A spillover effect occurs when an occurrence in one nation has an influence on the economy of another nation, often one that is more reliant on the economy of the first nation.

In conclusion, A market exchange that has an effect on a third party that is not part of the transaction is referred to as having a spillover.

Read more about spillover

https://brainly.com/question/16968584

#SPJ1

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.