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Economics - Financial Markets
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OpenStudy (anonymous):
A new runway has opened up at the airport, and the flight path goes directly over your apartment. The noise of the airplane is a
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OpenStudy (anonymous):
this is known as a negative externality. These exist when some product has a negative impact on you even though you didnt buy or produce the good. You didn't buy a ticket on the plane and you probably didn't produce the plane, but the plane is still causing a negative in your life.
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