9. Private solutions to correct for externalities Consider the following scenario: Suppose that a chicken farm uses a nearbylr stream to dispose of the wastes released by its chickens. These wastes ow downstream into a lake that has become thick with algae and polluted by the minerals in the waste matter. The local office of a nonprot environmental organization collects enough donations to fund a campaign to stop the farm's pollution. which of the following private solutions resolving the externality of pollution took place in this scenario? 0 Moral codes and social sanctions 0 Integration of different types of businesses through merger or acquisition 0 Charities 0 Contracts Keep in mind that sometimes private solutions to externalities are not achieved. For instance, this could occur when one party repeatedly holds out for a better deal. This describes the problem of V . O Charities a breakdown in bargaining O Contracts transaction costs property held in common Keep in mind that sometimes private solution eved. For instance, this could occur when one party repeatedly holds out for a better deal. This describes the problem of