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MatthewHeun / MCBook2021

2nd attempt at the book for ENGR184.
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Externality (Preface) #375

Closed jgvanantwerp closed 2 years ago

jgvanantwerp commented 2 years ago

An externality can be a benefit as well as a cost. So I think the full definition would be "A cost or benefit borne by a third party to an economic transaction."

MatthewHeun commented 2 years ago

I agree and have made the change.