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3. Consider the Purdue University policy enforcing the wearing of masks to prevent the spread of Covid l 9. (a) Why does wearing masks represent

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3. Consider the Purdue University policy enforcing the wearing of masks to prevent the spread of Covid l 9. (a) Why does wearing masks represent a positive externality? (b) Some people would wear a mask even without it being enforced. Given this, why do you need a policy? (c) Regulation is one approach to address a positive externality. Pigouvian subsidies and Coasian bargaining are others. How could they work here? What determines whether might they be feasible or not

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