Externalities, be it negative or positive, cause inefficiencies in the market that eventually leads to disequilibrium....

Externalities, be it negative or positive, cause inefficiencies in the market that eventually leads to disequilibrium. Negative externalities can even be a deterrent to healthy living or peaceful living to some. There are corrective measures that address these externalities, some are government policies and some are private institutions or policies. In 150 words or more, describe one public policy and one private policy that address an externality.

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Rahul Sunny answered 1 year ago

Agglomeration can cause both positive and negative externalities. Suppose that the increase in population raises the...

Agglomeration can cause both positive and negative externalities. Suppose that the increase in population raises the productivity of workers since they can share their knowledge or know-how. In contrast, a higher population causes higher rent since lands become scarce. The total benefit from better productivity is given by TB = 6,000N^(1/3) whereas the total cost of higher rent is given by TC = 300N^(4/3), where N denotes the population of this city in terms of millions. Find the optimal population...

To what extent do externalities cause inefficiencies in the production and consumption of goods and services?

Discuss the how positive externalities cause the amount of immunization consumed in the market place to...

Discuss the how positive externalities cause the amount of immunization consumed in the market place to be below the socially efficient quantity (assuming no government regulation). Please demonstrate with a graph.

Externalities: Identify two actives that generate positive externalities and two actives that generate negative externalities. Be...

Externalities: Identify two actives that generate positive externalities and two actives that generate negative externalities. Be sure to explain why each activity you identified generates the externality type you stated.

What is the role of government in dealing with positive externalities and negative externalities? Can you...

What is the role of government in dealing with positive externalities and negative externalities? Can you think of an example where the government dealt with an externality in the recent economy? In your opinion, was it effective?

The lesson notes describe both positive and negative externalities.

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)...

Identify two actives that generate positive externalities and two actives that generate negative externalities. Be sure...

Identify two actives that generate positive externalities and two actives that generate negative externalities. Be sure to explain why each activity you identified generates the externality type you stated.

Define the term externalities. Include both positive and negative. Discuss externalities as argued by Prof Ronald...

Define the term externalities. Include both positive and negative. Discuss externalities as argued by Prof Ronald Coase in the Problem of Social cost.

VIII. Externalities and public goods and Common resources (Chapter 16) a. Positive and negative externalities what...

VIII. Externalities and public goods and Common resources (Chapter 16) a. Positive and negative externalities what are they and examples b. How to correct for negative externalities. c. Concept of excludability and rivalry in consumptions d. Problems with public goods e. Problems with common resources.

Please provide and discuss two examples of positive externalities and two examples of negative externalities. Choose...

Please provide and discuss two examples of positive externalities and two examples of negative externalities. Choose any two of these four examples and discuss what the government could do to correct these market failures.

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