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8 August, 19:14

How is the negative externality exhibited by Jake affecting the society? Jake's overspending can result in personal bankruptcy, which will adversely affect the lives of his friends, family, and others, who were otherwise not involved in his overspending activities. This is an example of [need answer] externality.

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  1. 8 August, 19:23
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    [Negative]

    Negative externality is simply smth negative happening to 3rd party (Disclaimer: from economics)
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