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单词 NEGATIVE EXTERNALITY
释义

Occurs when a product or decision exceeds the society’s private cost. It is generally viewed as a market failure because the consumption level or the product’s production exceeds society requires. A negative externality example is car pollution. As a car or truck driver, you do not account for air pollution costs from the car but society allegedly pays for air pollution costs.

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更新时间:2024/10/27 9:42:59