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lesya [120]
3 years ago
15

In a situation where an externality occurs, the "third party" refers to those who:

Social Studies
1 answer:
Ivan3 years ago
5 0

In situations, the third party is the ones who are not involved with the transactions or in other words, they are not involved with the first and second party who are considered to be those involved or could be referred as the people involved in the transactions.

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