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Two ways to protect your car from theft are The Club and Lojack. The Club is a visible device that locks onto the steering wheel

Two ways to protect your car from theft are The Club and Lojack. The Club is a visible device that locks onto the steering wheel of a car and makes it difficult for a car thief to take your car. Lojack is an invisible tracking system that makes it easier for police to find a car and thief after a car has been stolen. What kind of externality does The Club create? Explain. What kind of externality does Lojack create? Explain. What kinds of government policy do your answers suggest that we should put in place for Lojack and The Club?

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