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>Identify ONE market that you participate in (locally if possible) that has externalities, either positive or negative externality (be specific--don't say food, instead get
>Identify ONE market that you participate in (locally if possible) that has externalities, either positive or negative externality (be specific--don't say food, instead get focused such as retail meat, fresh produce, small local beer brewers). And specify what you buy/consume, how often and how much, and is this consumption more of a necessity or luxury. To do this, you must apply class content: define and explain what externalities are and the difference between positive and -ones. And explain how your consumption creates the externality. > Identify either the positive or negative externalities result from your consumption in that market, and how. Be specific--don't say "pollution," instead focus on "air pollution from the burning of fuel in my car as I drive". Again, apply class content -- be specific about why you consider it a positive or negative externality: what is the cost or benefit born upon 1/3 party? > Identify how you can alter your consumption to promote positive/dissuade negative externalities. Think of the small things for they count a lot if we all do them.
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Defining Externalities Externalities are the unintended side effects of economic activities that affect third parties who are not directly involved in the transaction These can be either positive or n...Get Instant Access to Expert-Tailored Solutions
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