Give an example of a negative externality and a positive externality. Explain why market outcomes are inefficient

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Give an example of a negative externality and a positive externality. Explain why market outcomes are inefficient in the presence of these externalities.

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:53 AM

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Give an example of a negative externality and a positive externality. Explain why market outcomes are inefficient

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Principles of economics

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