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Isn't a product necessarily an externality? If they kept it internal, nobody else would have access to it.
by jstanley 3y ago
Isn't a product necessarily an externality?
If they kept it internal, nobody else would have access to it.
- nohuck13 3y agoNo, an externality is when the transaction leaks costs/benefits into the wider society, outside of what's priced in.