1Cademy - A popular bakery raises the price of its signature croissant. This action imposes a higher cost on its regular customers. According to the economic definition, this price increase is an example of a negative external effect.

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A popular bakery raises the price of its signature croissant. This action imposes a higher cost on its regular customers. According to the economic definition, this price increase is an example of a negative external effect.

Updated 2025-09-01

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