Market Efficiency and Market FailureThe lesson notes describe both positive and negative
externalities. An interesting situation occurs when there is a
positive externality. This is interesting because economists state
this is a result of market inefficiency or failure. Combine the
lesson notes with some of your own research and your own
experiences to describe when you were part of a transaction that
resulted in a positive externality and why the transaction would be
considered inefficient. To answer this question, a)...