Externalities-positive and negative

Reference no: EM1369891

What is the definition of externality? Distinction between positive externalities (positive spillover costs) and negative externalities (negative spillover costs)? Why do externalities exist?

Reference no: EM1369891

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Externalities-positive and negative : What is the definition of externality? Distinction between positive externalities (positive spillover costs) and negative externalities (negative spillover costs)? Why do externalities exist?

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