Question: Explain what negative externalities are, and why there may be a case for government intervention to address them. Choose one example in South Africa to

Explain what negative externalities are, and why there may be a case for government intervention to address them. Choose one example in South Africa to analyse how government has addressed the presence of negative externalities in the market. Explain using diagrams whether monopoly is socially preferred market structure to the perfectly competitive market in the presence of negative externality.

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