Business, 02.12.2020 20:40, thebestaround15

3. Explain two reasons why a government might want to correct an externality. Include:
a. Definitions of economic terms.
b. Diagrams to show effects of an externalities (4 graphs)
c. Explain how the government can intervene to correct the market failure.
d. Identify and briefly explain one real world example that would apply to a negative production
externality.
PLEASE HELP THIS IS FOR A TEST

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3. Explain two reasons why a government might want to correct an externality. Include:
a. Def...