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Instructions: 1. Provide an example and brief description of a negative externality from Durham, North Carolina. 2. Is the external cost created by consumption, production
Instructions:
1. Provide an example and brief description of a negative externality from Durham, North Carolina.
2. Is the external cost created by consumption, production or both?
3. Are there any regulatory solutions in place to address this externality, such as a Pigouvian tax?
Please add all sources (must be cited using a reference to an article or link to a website).
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