economic externality

Explain how competition and self-interest brings about a worse outcome from either the economic actors or for society as a whole.

Look at the news (a traditional newspaper such as the New York Times or Wall Street Journal, Google Business News, a news magazine, or video news show) where you can identify an example of market failure, where pursuit of profit brings about a worse-off circumstance, either for the economic actors or for society as a […]

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