Question 18 3.5 points Save Answer Apply what we learned about markets with externalities to answer the following three questions about the market for pay-as-you-go scooters (e.g., Lime and Bird): 1) Explain how the market for pay-as-you-go scooters produces a negative externality. In doing so, explain who the negatively affected 3rd parties might be, and how they are negatively affected (i.e., what are the negative externalities)? 2) Given that there is a negative externality present, what does this imply about the total amount of the good/service produced relative to what would be socially optimal? Does your casual observation of this market confirm this prediction? 3) How might a local government (e.g., the City of Lubbock) implement regulation to help solve this market inefficiency that arises based on your answer to (2) above? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B T U