Attempts 0.5 n Keep the Highest 0,5 [1 6. Private solutions to correct for externalities Consider the following scenario: Suppose that Maria has just finished smoking a cigarette and is preparing to discard the cigarette butt onto her neighbor Kevin's front lawn. Although there are no police officers present, she decides to carry the butt to a trash can because she doesn't want to let others in the neighborhood see her littering. Which of the following private solutions resolving the externality of littering took place in this scenario? Contracts O Integration of different types of businesses through merger or acquisition 0 Charities O Moral codes and social sanctions 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