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Describe some differences between a positive externality and a negative externality. Provide one example of a positive externality and a negative externality, respectively. Explain your

  • Describe some differences between a positive externality and a negative externality.
  • Provide one example of a positive externality and a negative externality, respectively. Explain your reasoning.
  • How could you solve your examples of externalities to attain market efficiency?
  • Does the government need to intervene with externalities to effect market efficiency?

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