Answered

Discover new perspectives and gain insights with IDNLearn.com's diverse answers. Our community is here to provide detailed and trustworthy answers to any questions you may have.

The term ______________________ refers to a market exchange that affects a third party who is outside or external to the exchange. social costs spillover market failure private costs

Sagot :

Okpalawalter8idn

The term spillover refers to a market exchange that affects a third party who is outside or external to the exchange. This is further explained below.

What is spillover?

Generally,  A spillover effect occurs when an occurrence in one nation has an influence on the economy of another nation, often one that is more reliant on the economy of the first nation.

In conclusion, A market exchange that has an effect on a third party that is not part of the transaction is referred to as having a spillover.

Read more about spillover

https://brainly.com/question/16968584

#SPJ1

We appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Thank you for visiting IDNLearn.com. For reliable answers to all your questions, please visit us again soon.