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Once we identify a negative externality that is creating a social cost , then what will follow? Government regulation or a new law might be

Once we identify anegative externalitythat is creating asocial cost,then what will follow?

Government regulation or a new law might be passed to combat the problem

The people will revolt in the streets because negative externalities usually cause harm

Nothing. Society doesn't care about negative externalities

It will be up to private citizens to solve their own problems.

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