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What is an externality? (Note: IF ANY PART OF THIS DISCUSSION APPEARS ON ANOTHER WEBSITE, YOU WILL RECEIVE A ZERO FOR ACADEMIC DISHONESTY. DUE TO

  1. What is an externality? (Note: IF ANY PART OF THIS DISCUSSION APPEARS ON ANOTHER WEBSITE, YOU WILL RECEIVE A ZERO FOR ACADEMIC DISHONESTY. DUE TO COPYRIGHT AND ACADEMIC HONESTY, YOU CAN NOT USE ESSAY WRITING SERVICES OR HOMEWORK ASSISTING SITES.)
  2. Using the definition of an externality, explain why do you think your neighbor's barking dog could be a negative externality.
  3. What is another example of either a positive or a negative externality? Explain why you think that is an externality.

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