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QUESTION
Respond to the following: Describe some differences between a positive externality and a negative externality. Provide one example of a positive...
Respond to the following:
- Describe some differences between a positive externality and a negative externality.
- Provide one example of a positive externality and a negative externality, respectively. Explain your reasoning.
- How could you solve your examples of externalities to attain market efficiency?
- Does the government need to intervene with externalities to effect market efficiency?
