Consider each of the following activities or events and say for each one whether it creates an
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• Airplanes take off from LaGuardia Airport during the U.S. Open tennis tournament, which is taking place nearby.
• A sunset over the Pacific Ocean
• An increase in the number of people who are studying for graduate degrees
• A person wears strong perfume to class.
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The planes create a negative production externality from their noi...View the full answer
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