Objective: to demonstrate understanding of market failure, positive and negative externalitiesarising from consumption.1. With the help of diagrams and suitable examples, explain the concepts of positive andnegative externalities of consumption.(Label your diagrams correctly and fully; choose examples different from those in the textbooksin the course; make sure to integrate the labels on the diagram in your explanation/application)
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Term
Fall
Professor
Davidson
Tags
Government, Market failure, Externality, help of diagrams
