Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1-Why do Externalities cause market failures ? How ? ( explain and justify , 4-5 lines paragraph) 2-Give 1 example of a negative externality and

1-Why do Externalities cause market failures ? How ? ( explain and justify , 4-5 lines paragraph) 2-Give 1 example of a negative externality and explain briefly ( 2-3 lines each ) 3-Give 1 example of a positive externality and explain briefly ( 2-3 lines each ) 4-What is a free rider ? Does it apply to a negative or positive externality ? Why is it mostly associated with public goods ? ( 5-6 lines paragraph)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics of Managerial Decisions

Authors: Roger Blair, Mark Rush

1st edition

134166167, 978-0134166162, 9780134140773 , 978-0133548235

More Books

Students also viewed these Economics questions

Question

Get married, do not wait for me

Answered: 1 week ago

Question

Do not pay him, wait until I come

Answered: 1 week ago

Question

Do not get married, wait until I come, etc.

Answered: 1 week ago