What is the difference between a positive externality and a negative externality? Describe an example of each.

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 05:10 AM

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What is the difference between a positive externality and a negative externality? Describe an example of each.

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With a negative externality the marginal private cost of a good is less than the marginal s...View the full answer

Microeconomics

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