Which of the following is true regarding externalities? Group of answer choices Externalities can only be corrected with government regulation. Externalities always involve external costs. Externalities occur when the actions of an individual or group spill over onto others, without their consent. Externalities generally enhance the rate of economic growth.

Externalities occur when the actions of an individual or group spill over onto others, without their consent.

Explanation:

By definition, an Externality is the effect of an action by an individual or group that spills over onto third parties without their consent.

Externalities can be either negative or positive. A positive externality for instance would be bees from a bee farm pollinating flowers in the environment.

A negative externality would be air pollution from China for instance contributing to global warming effects experienced in Northern Africa.  

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1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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