Question: Take a negative externality and explore it in detail. Examine the role of social costs and benefits, private costs, and benefits, what role, if any,

Take a negative externality and explore it in detail. Examine the role of social costs and benefits, private costs, and benefits, what role, if any, can the government or even the private sector play in correcting the externality, is there a free rider problem associated with it and can it be corrected? As we attempt to correct for the externality what additional tradeoffs may the private and/or public sectors make? You should use graphs to help reinforce and bolster your argument and give two graphs of negative externality.

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