Question: 0.1 a) Find an example of a positive externality due to underoonsumption. b) Draw a graph to illustrate the market equilibrium and the social optimum


0.1 a) Find an example of a positive externality due to underoonsumption. b) Draw a graph to illustrate the market equilibrium and the social optimum for the example you have found. c) Use your graph and the example to explain the negative externality
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