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Economic outcomes associated with externality

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Reference no: EM131764819

Discuss two cases of either a negative or positive externality that affects you directly. What are the economic outcomes associated with each externality (in terms of surplus/over production etc.)? What are some ways that you could intervene to correct these externalities? If your solution requires the government to be involved, discuss why. If not, also describe why!

Reference no: EM131764819

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