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What is a negative externality

Assignment Help Business Economics
Reference no: EM133126305

150-250 words each

1. How do market prices coordinate the economic activity of millions of individuals?

2. What is a negative externality?

3. How does an externality indicate market failure?

4. How does market power or monopoly subvert the coordinating function of market prices?

5. What is the tragedy of the commons

Reference no: EM133126305

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