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November 22, 2014

Homework Help: microeconomics

Posted by Charenda on Friday, March 5, 2010 at 2:00pm.

Externalities are third party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a third party. Identify a positive and a negative externality. Discuss the benefits and costs associated with each type of externality. What happens to the supply and or demand curve in each of your example?

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