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Extemalities refers to cost or bene?t imposed on third party

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Extemalities refers to a cost or bene?t imposed on a third party that is not involved in a market transaction. I would like you to give me two examples of a positive and negative extemality in the environmental realm (4 total). What are the bene?ts and the costs associated with each type of extemality in your example? How do we incentivize good behavior derived from positive externalities'? How do we deter individuals or entities from acting a certain way when talking about negative extemalities'?

Reference no: EM133238585

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