Respond to only one of the following: • Option A. Suppose one of your classmates has been placing an external cost on you by distracting you while you are trying to complete your assignments. Use what you have learned about how the government aims to address externalities in the market to explain how your teacher could address this negative externality so that your classmate chooses not to distract you. or Option B. Explain how providing education to all children in grades K-12 provides external benefits to everyone in the community.

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A: Externality is the spillover effect of an individual economic activities ( production and…

Q: How do you calculate the dollar value of the net gain to society from correcting the externality

A: The dollar value of net gain to society from correcting the externality can be calculated as the…

Q: When students graduate from college, the external benefits that others in society receive are an…

A: Positive externality arises when social benefit exceeds private benefit. The society without…

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A: The equilibrium (without including social costs) will takes place where Demand is equal to Marginal…

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A: Externality refers to spillover effect of a good on third party which is not involved in the…

Q: Before Coase's 1960 paper the only real course of action economists prescribed for dealing with…

A: Externalities are positive or negative side effects of economic activities which are borne by the…

Q: If policymakers use a pollution tax to control​ pollution, the tax per unit of pollution should be…

A: If policymakers use a pollution tax to control​ pollution, the tax per unit of pollution should be…

Q: Why transaction cost has become the reason to solve an externality problem?

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Bring an example of a positive externality and an example of a negative externality (other than…

A: Positive externality implies benefit to the party not involved in a transaction while negative…

Q: Classify each statement as true or false. True False     The social cost is the sum of private and…

A: Cost: It is the monetary value spent by a company for producing something.

Q: a) market-based policy

A: The economic policy of France 2017 focused on more inclusive growth by improving the social and…

Q: Which of the following would result in a positive externality? Group of answer choices A)A power…

A: In economics, positive externality exists when benefits are gained by a third party who is not…

Q: Suppose that in greater Sydney, the demand for flowering plants is given by P = 60 – Q, and supply…

A: Externalities refer to the cost or benefits of a transaction incurred on a third party who is not…

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A: Externality refers to the situation under which the actions of the producer or the consumer affects…

Q: The Pigouvian solution to externalities is relatively easy to calculate and implement.   Choose…

A: When there is a presence of negative externality, the Pigouvian solution can be used in the market.

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A: The answer is b. Under certain conditions, the private market will solve externality problems…

Q: best example of a positive external benefit generated

A: A positive external benefit is the benefit which an individual can get in spite of being unrelated.…

Q: The supply and demand conditions facing a firm that makes widgets and generates a negative…

A: As the market creates negative externality, without government intervention the market equilibrium…

Q: he Pigouvian solution to externalities directly compensates those who have had harm done to them.…

A: Externalities refer to the costs or benefits of an economic transaction incurred on a third party…

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A: Externality is the negative or positive spillover by the consumer or producer which affects the…

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A: Externality: - it is a cost or benefit generated for the third party by the actions of other people.

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A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Which of the following is NOT a possible way of solving an externality problem of electricity…

A: A negative externality refers to negative spillover effects on the third party or on the society.

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A: Externalities refer to the cost or benefits of an economic transaction imposed on a third party not…

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A: We have to find equilibrium price and quantity .

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A: Externality is a situation in which the action of one party causes consequences to a third party who…

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A: A negative externality / external cost is a type of spillover which imposes a cost on the third…

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Q: negative externality

A: Negative externality refers to an external cost borne by an individual as a consequence between the…

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Q: Refer to Figure 5-6. One way to obtain the economically efficient amount of chicken pox vaccinations…

A: The answer is (PE-PF)

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A: External Benefit refers to additional benefit that is  to a third party as a result of a market…

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A: Externalities refer to the benefits received, or costs incurred by the third parties who are not…

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A: Meaning of Externalities: The term externality refers to the situation where the cost is incurred…