Suppose a firm that produces for this market is able to dump toxic chemicals into a river next to its factory, which poisons wildlife and harms the health of nearby residents, who have no business with the company. this scenario is characterized by an externality which is an example of market failure.

an externality

Explanation:

Externality -

It is the cost or the benefit received by the third party , is known as externality .

The third party does not have any control over the creation of the cost or the benefit .

The externality can be negative as well as positive and can arise from the production or consumption of the services and goods .

hence , the correct term fro the given statement is an externality .

so they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

i know right it’s not fair some people are just so rude unlike you your actually trying to get to know people and i think that is very kind