Question: Explain an activity not mentioned in this chapter that occurs where you live and causes a positive or negative externality. Why does the activity cause

Explain an activity not mentioned in this chapter that occurs where you live and causes a positive or negative externality. Why does the activity cause market failure? In your opinion, what is the best remedy for this market failure?

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An activity that occurs where I live and causes a negative externality is heavy traffic congestion during rush hours Rush hour traffic creates a signi... View full answer

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