Question: An externality occurs when an economic activity has either a spillover cost to or a spillover benefit for a bystander. List and thoroughly explain at

An externality occurs when an economic activity has either a spillover cost to or a spillover benefit for a bystander. List and thoroughly explain at least three externalities caused by individuals purchasing and driving Sport Utility Vehicles. Categorize each externality listed as positive (spillover benefit) or negative (spillover cost)

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