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Quiz
Related Lesson
The Coase Theorem
Knowledge Check
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.
Check Answer
Related Courses
Course
Principles of Microeconomics
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