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it's becoming more common to use card, despite the cash, so it's becoming a world without money 1. Explain how the production or consumption of
it's becoming more common to use card, despite the cash, so it's becoming a world without money
1. Explain how the production or consumption of the good or service creates externalities.
2. Use an appropriate diagram to explain the externalities- postive and negative- associated with the good or service.
3. Evaluate the measures that a government might adopt to correct market failure arising from negative externalities.
4. Discuss to what extent should governments attempt to influence markets where positive externalities exist?
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