Define externality in one sentence An externality is a type of free entryexit

Define externality in one sentence an externality is

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11.Define externalityin one sentence. 12.Provide an example of an opportunity cost that would be incurred if the United States adopted policies to significantly reduce carbon dioxide emissions.
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14.Why are the concerns of resource pessimists so often misplacedwhat are two factors they typically fail to account for? 15.Hypothesize in four sentences or less why a country like Norway has not suffered from the “resource curse.”
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