Question: explain these questions 4. What do economists mean by internalizing an extemality? Explain whitr some externalities may' be difficult to internalize. Support your answer with

explain these questions

$explain these questions 4. What do economists mean by \"internalizing an extemality"?$

4. What do economists mean by \"internalizing an extemality"? Explain whitr some externalities may' be difficult to internalize. Support your answer with examples. 5. Monopolies and canals are usually associated with economic inefciencies and deadweight losses. With a commonpool resource, however, asset values are non existent, and resources are depleted more quickly than would be optimal. Examine how OPEC. a cartel, sets prices and discuss the role of this type pricing with respect to resource conservation

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