Explain what an externality is, and describe one example of an externality. (2 marks)

2. Explain how Interface Floor (Ray Anderson's company) increased profitability by reducing their ecological footprint. (2 marks)
4. How much do you currently pay for a cheeseburger (or your favourite type of restaurant meal)? Would you still buy it if the price doubled to include the cost of all of the externalities? (This is an opinion question, so you do not need in-text citations or references unless you include information that did not come from your own brain). (1 mark)
Course Reading: Bittman, M. (2014, Jul. 15). "The true cost of a burger."The New York Times.https://www.nytimes.com/2014/07/16/opinion/the-true-cost-of-a-burger.html


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Answer rating: 100% (QA)

Answer 1 An externality occurs when the production or consumption of a good or service affects third ... View the full answer