An externality is defined as an individual’s activity either imposes costs or confers benefits on others, but individual

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answerhappygod
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An externality is defined as an individual’s activity either imposes costs or confers benefits on others, but individual

Post by answerhappygod »

An externality is defined as an individual’s activity
either imposes costs or confers benefits on others, but individuals
do not take account of such costs or benefits in their own decision
making. Under that logic, would you define “comparison shopping” as
an externality? Discuss the logic of your answer in terms of market
pricing models.
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