An example of an externality created by a firm in my state could be a manufacturing plant that emits pollutants into the air. This negative externality affects nearby residents by degrading air quality, which can lead to health issues such as respiratory problems and increased healthcare costs. Additionally, the environmental degradation may reduce property values in the vicinity, impacting local homeowners. Overall, the firm's production activities impose costs on the community that are not reflected in the market price of its goods.
An economic advantage coming from an unpredicted source that allows a firm to benifit from it, also called an externality.
it gives the individual (or firm) with patent protection a property right over its invention.
1. Network externality is the benefit we get from a single consumer and when it gets to the greater values it makes us, meaning the firm, bigger so the bigger the firm, the bigger the barriers to entry because there will be a firm which does the same job and good at what it does.
The Firm of Girdlestone was created in 1890.
Firm Foundation was created in 1884.
Edelman - firm - was created in 1952.
The Nature of the Firm was created in 1937.
Freedom Firm was created in 2006.
Mattress Firm was created in 1986.
Transform - consulting firm - was created in 2001.
Çukurova - construction firm - was created in 1975.
The Firm - rock band - was created in 1984.