Question: Externality Explain externality and what are Negative Production Externalities and Positive Consumption Externalities? Apply this understanding to your analysis of the Electric Vehicles market in

  1. Externality
  • Explain externality and what are Negative Production Externalities and Positive Consumption Externalities?
  • Apply this understanding to your analysis of the Electric Vehicles market in SG.
  • You may include appropriate research or examples; and make relevant assumptions.
  • Use clearly labelled graph(s) to show the explanation.

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