Give an example for a negative externality and explain the inefficiency this negative externality might cause. How should the government deal with this negative externality? (regulation, taxes, subsidies, private remedies, etc.) What would be the most appropriate remedy for your example? Or Give an example for a positive externality and explain the inefficiency this positive externality might cause. How should the government deal with this positive externality? (regulation, taxes, subsidies, private remedies, etc.) What would be the most appropriate remedy for your example? I expect each of you to think of a different example. When you respond to one of your classmates, think about how you would deal with their case with an externality. By the end of the week, we should have several cases with remedies. I look forward to reading your posts