1 Consider two ways to protect your car from theft. A steering wheel lock makes it difficult...

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1 Consider two ways to protect your car from theft. A steering wheel lock makes it difficult for a car thief to take your car. A GPS tracking system makes it easier for the pol ice to catch the car thief who has stolen it. Which of these methods conveys a negative externality on other car owners? Which conveys a positive externality? Do you think there are any policy implications of your ana lysis?

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