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20 March, 19:49

A positive externality arises when a person engages in an activity that has

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  1. 20 March, 22:38
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    A positive externality arises when a person engages in an activity that has a beneficial effect on a bystander who does not pay the person who causes the effect. A positive externality is something that benefits someone who didn't produce or consumer the good. A good way to remember a positive externality is a third party who wasn't initially related to the exchange of a good or service but still benefited from it happening.
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