11. Let's imagine that we're holding this course in a classroom, and you have to commute to get on campus. You get up in the morning, drive to campus, stop at a local gas station to fill up, then go to class. You also have to pay some of your school bills on the same day. Which of your market transactions on this day produced negative externalities and which produced positive externalities? Explain your answers.

11. Let's imagine that we're holding this course in a classroom, and you have to commute to get on campus. You get up in the morning, drive to campus, stop at a local gas station to fill up, then go to class. You also have to pay some of your school bills on the same day. Which of your market transactions on this day produced negative externalities and which produced positive externalities? Explain your answers.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Externalities

Section10.1: Externalities And Market Inefficiency

Problem 1QQ

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