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a) Combine the lesson notes with some of your own research and your own experiences to describe when you were part of a transaction

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a) Combine the lesson notes with some of your own research and your own experiences to describe when you were part of a transaction that resulted in a positive externality, b) State why the transaction resulted in a positive externality, and c) State why from an economist's viewpoint this would be considered market inefficiency. (2 marks) *** You cannot use the example of a violinist or musician providing music free of charge in a restaurant or other setting. Answer the questions as follows: 2a) My example of a positive externality experience is as follows: ..... 2b) This is an example of a positive externality because.... 2c) Economists would view this as market inefficiency because .,, 3. Respond to / comment on at least two classmates' postings. Make sure your comments are substantive with detail, analysis, relating to your experience, providing your opinion, and / or asking questions. (1 mark) This assignment relates to the following Course Learning Requirements: CLR 3) Analyze the effects of government intervention in the marketplace. CLR 4) Analyze the theory of firm behaviour. CLR 6) Show how environmental considerations can be addressed within a market economy For general guidance you can read read the Course Rubric in Content -> Activities, Assignments, and MindTap link which includes information about the graded discussions.

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