The uncompensated impact of one person's action on the well-being of a bystander is :
An externality is an uncompensated effect of one person's action on another person's well-being. It can impose a cost or confer a benefit on someone who is outside the…
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The uncompensated impact of one person's action on the well-being of a bystander is :
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Correct answer B
An externality is an uncompensated effect of one person's action on another person's well-being. It can impose a cost or confer a benefit on someone who is outside the transaction.
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Karnataka SET (KSET)