Free riders are those who gain from a thing without contributing to its manufacturing expenses.
<h3>When the creation of a thing incurs external expenses, the?</h3>
- An external cost occurs when the production or use of a goods or service imposes a cost (negative effect) on a third party.
- If a good has external costs connected with it (negative externalities), the social costs will be larger than the private cost.
- Market failure may occur in the presence of external expenses. This is because the free market frequently ignores the existence of external expenses.
- The cost to a third party of consuming/producing one more unit is known as the external marginal cost (XMC).
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Answer:
A. Supplier power is increased, because suppliers will be able to charge higher prices for their inputs
Explanation:
Explanation:
you can come to India I think here you will get it
Answer:
It allowed pre-emptive identification of problems to minimize the impact on customers.
