(1) Consider our discussion of ownership and property rights. (a) How are property rights connected to externalities? Describe the "invention" of a property right with something like broadcast rights over spectrum frequencies. (b) Explain ownership as a "bundle of rights." Describe three different "sticks" in this bundle regarding owning a share of a public company. (c) Consider the "right to repair", How is this a property right? What are some of the problems with this right being owned by producers? What are some of the benefits of producers owning it? What effect will legislation have on this (e.g., California automatically allocating the right to consumers and preventing it from being tradeable)? Consider using Apple iPhones or John Deere tractors as examples