8. A family in a given town decorates their home with a lavish display of Christmas decorations every year. People come from miles around to look at the decorations. Consequently, the roads in their part of town become congested. The family's neighbors complain that at times the roads become impassable, and they are virtual prisoners in their homes. a) Identify the externalities in this situation. State whether the externalities are positive are negative and specify the impact. (4 points) b) Is the allocation of resources efficient in this situation? If not, suggest a means of obtaining a more efficient outcome. (4 points)