Question: Complete the following steps: Identify at least one positive externality from running a donut shop. Identify at least one negative externality from running a donut

Complete the following steps:

  • Identify at least one positive externality from running a donut shop.
  • Identify at least one negative externality from running a donut shop.
  • Explain how these positive and negative externalities could impact the donut shop's profits. (Hint: think subsidy for positive externality and tax for negative externality.)
  • Draw two graphs that show the price of donuts before and after the positive and negative externality impacted the price of your donuts.

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