Question: 4. Please explain: a. Why positive externalities as a market failure. Explain how subsidy works on this condition. Give the example of positive externalities also

4. Please explain: a. Why positive externalities as a market failure.

4. Please explain: a. Why positive externalities as a market failure. Explain how subsidy works on this condition. Give the example of positive externalities also show in the curve. b. How to find nash equilibrium or equilibria

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