Question
help me to answer my assignment thank you Why market outcomes are inefficient in the presence of these externalities? explain each externality. Positive externalities: Improving
help me to answer my assignment thank you
Why market outcomes are inefficient in the presence of these externalities? explain each externality.
Positive externalities:
Improving driving habits will decrease the risk of accidents for everyone on the road as well as eventually reduce insurance premiums for the driver.
Negative Externalities:
Pollution from a factory can cause health problems and erode the quality of life and property values in a community.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
