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Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050

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BuyFindarrow_forward

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050
Textbook Problem

There is often litter along highways but rarely in people's yards. Provide an economic explanation for this fact.

To determine
The negative externality.

Explanation

When someone is littering on the highway the negative externality is suffered by others and will have lower private costs but if someone litters their own yard then they will have to bear the costs w...

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