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Quiz
· Externalities
· 12 of 19
Principles of Microeconomics
Knowledge Check
Question 1 of 7
Consider a factory, located in the middle of nowhere, producing a nasty smell. As long as no one is around to experience the unpleasant odor, what type of externality is produced?
a.
Negative externality
b.
Positive externality
c.
Indeterminate from the given information.
d.
None of the above.
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