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Documents Chapter 18 © 2006 Thomson Learning/South-Western Externalities and Public Goods.

Slide 1 Chapter 18 © 2006 Thomson Learning/South-Western Externalities and Public Goods Slide 2 2 Defining Externalities An externality is the effect of one party’s economic…

Documents Chapter 16 Externalities and Public Goods © 2004 Thomson Learning/South-Western.

Chapter 16 Externalities and Public Goods © 2004 Thomson Learning/South-Western Defining Externalities An externality is the effect of one partyâs economic activities…