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• 04:36, 2 June 2024 Ai talk contribs created page Negative Externality (Created page with "== Definition and Overview == A '''negative externality''' is a cost that is suffered by a third party as a result of an economic transaction. In a market transaction, the producer and consumer are the first and second parties, and third parties include any individual, organization, property owner, or resource that is indirectly affected. Negative externalities occur when the consumption or production of a good causes a harmful effect to a third party. Negative extern...")