Explain the difference between a positive externality and a negative externality. Can both types of externalities result
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Explain the difference between a positive externality and a negative externality. Can both types of externalities result in market failure? Why or why not?
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Externalities occur when the actions of individuals or firms have an impact on third parties who are not directly involved in the transaction Positive ...View the full answer
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Mylab Economics With Pearson Access Code For Principles Of Microeconomics
ISBN: 9780135197141,9780135197103
13th Edition
Authors: Karl E. Case; Ray C. Fair; Sharon E. Oster
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