Some individuals argue chat, with increased population growth, negative externalities will become more common and that there will be more instances of market failure and more need for government to solve externality problems. Other individuals believe that, as time passes, technological advances will be used to solve negative externality problems and that there will be fewer instances of market failure and less need for government to deal with externality problems. What do you believe will happen? Give reasons to support your position.
Microeconomics
Microeconomics
Some individuals argue chat, with increased population growth, negative externalities will become more common and that there will be more instances of market failure and more need for government to solve externality problems. Other individuals believe that, as time passes, technological advances will be used to solve negative externality problems and that there will be fewer instances of market failure and less need for government to deal with externality problems. What do you believe will happen? Give reasons to support your position.
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