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In: Economics

Select an activity that generates negative externalities from consumptions (e.g. the consumption of alcohol, driving cars,...

Select an activity that generates negative externalities from consumptions (e.g. the consumption of alcohol, driving cars, fast food, etc) 3.1 List the private costs and social costs arising from the consumption of the chosen activity? 3.2 Evaluate policies that may be used by governments to reduce external costs of consumption? if i select plastic bag as an example of negative externals. what are the private costs and social cost of it? i found difficult to understand the different between private costs and social costs in economic

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Rahul Sunny answered 2 years ago
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