According to the digital media company Captivate Network, employees viewing the 2012 Olympics instead of working caused a $1.38 billion

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According to the digital media company Captivate Network, employees viewing the 2012 Olympics instead of working caused a $1.38 billion loss in productivity for U.S. companies. Is this productivity loss an example of a negative externality? Explain.

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Chapter # 17- Property Rights, Externalities, Rivalry, and Exclusion
Section: Section 1.1
Problem: 5
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Question Posted: December 29, 2017 01:06:08