Question: please help me figure out this question ASAP (a) Give a definition of a negative extemality and explain how it arises in a market. (5
please help me figure out this question ASAP
(a) Give a definition of a negative extemality and explain how it arises in a market. (5 marks) (b) Refer to the graph above, If the government does not intervene in this market. what is the free market equilibrium? is it socially efficient? Explain (s marks) (c) What kind of govemment intervention is required in this case? Explain how it will change the market outcome
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