3 years ago

In 1 or 2 sentences, define an externality and explain how the government makes companies take responsibility for

1 answer:

5 0

Answer:

Externality is an effect of an industrial or commercial doings that affects other parties without this being reflected in the cost of the goods or services involved, such as the pollination of surrounding crops by bees kept for honey. The government can respond to externalities through command-and-control policies or market-based policies.

Explanation:

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