Explain which of the following cases are classified as (A, B, C, or D) :(A) Negative Externality of Production or (B) Negative Externality of Consumption or (C) Positive Externality of Production or (D) Positive Externality of Consumption: Almawassi village does not have a public fire department, some homeowners purchased private fire protection services to provide a positive externality to neighboring properties, which are less at risk of the protected neighbor's fire spreading to their (unprotected) house.Wakefulness due to a neighbor listening to loud music late at night.a person smoked heavily in a public place.A farmer who uses pesticides to produce vegetables A person planted ornamental trees along Salahiddeen streetCreative laboratories which try to find vaccine for COVID 19The corporate development of some free software to benefit studentsA software company that creates social media programs No. 2345678Answer

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Answered: Explain which of the following cases…

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter11: Public Goods And Common Resources

Section: Chapter Questions

Problem 2PA

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Explain which of the following cases are classified as (A, B, C, or D) :

(A) Negative Externality of Production or (B) Negative Externality of Consumption or (C) Positive Externality of Production or (D) Positive Externality of Consumption:

Almawassi village does not have a public fire department, some homeowners purchased private fire protection services to provide a positive externality to neighboring properties, which are less at risk of the protected neighbor's fire spreading to their (unprotected) house.
Wakefulness due to a neighbor listening to loud music late at night.
a person smoked heavily in a public place.
A farmer who uses pesticides to produce vegetables
A person planted ornamental trees along Salahiddeen street
Creative laboratories which try to find vaccine for COVID 19
The corporate development of some free software to benefit students
A software company that creates social media programs

No.		2	3	4	5	6	7	8
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