Negative externalities are the additional costs incurred by business due to the outside regulations placed by goverrunent.

Question

Quizplus · Accepted Answer

Negative externalities are costs imposed on third parties that are not accounted for by the market, such as pollution or noise. These externalities are not due to government regulations but rather the failure of the market to consider their impact. Government regulations often aim to address negative externalities by imposing restrictions and requirements on businesses to account for and mitigate their impact.

Negative Externalities Are the Additional Costs Incurred by Business Due