Question: Explain the difference between a positive and negative externality. In a person's analysis, make sure to provide an example of each type of externality. Why

  • Explain the difference between a positive and negative externality.
  • In a person's analysis, make sure to provide an example of each type of externality.
  • Why does the government need to get involved with externalities to bring about market efficiency?
  • What solutions need to be provided for your examples?

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