Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

29. An economic side effect of a good or service that generates benefits or costs to someone other than the person deciding how much to produce or consume is called an:

A. patent
B. externality
C. efficiency
D. opportunity cost

Sagot :

GinnyAnswer

Final answer:

Externalities in economics are costs or benefits that affect parties not involved in decision-making, either positively or negatively.


Explanation:

Externalities in economics refer to costs or benefits that affect a party who did not choose to incur them. They can be positive (beneficial to others) or negative (detrimental to others). An example of a negative externality is pollution, where individuals not involved in manufacturing suffer the consequences.


Learn more about Externalities here:

https://brainly.com/question/51241162


Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.