Question: Once we identify a negative externality that is creating a social cost, then what will follow? Multiple Choice Government regulation or a new law might

Once we identify a negative externality that is creating a social cost, then what will follow? Multiple Choice Government regulation or a new law might be passed to combat the problem. The people will revolt in the streets because negative externalities usually cause harm. It will be up to private citizens to solve their own problems. Nothing. Society doesn't care about negative externalities

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