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Illustrate the term externality

Question 1: What is an externality?

Question 2: Why might externalities lead a firm to discharge too much pollution into a river?

Question 3: Congress has passed a law that limits the level of cotton dust within textile factories. Why might a textile firm allow too much cotton dust within it workplace?

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Other Management: Illustrate the term externality

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Other Management: Illustrate the term externality

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