Large quantities of noxious fumes and black ash into the air

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Reference no: EM13987072

The Black Ash Steel Company's plant belches large quantities of noxious fumes and black ash into the air. Residents in the surrounding area have higher medical bills because of Black Ash's pollution. These additional medical costs represent

a negative externality.

the neighboring families' external costs

a positive externality.

the company's private costs.

Reference no: EM13987072

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