Provide two examples of positive and negative externalities and complete the table: Externality Who is the third party? How is the third party impacted? Positive Example 1 Positive Example 2 Negative Example 1 Negative Example 2

Provide two examples of positive and negative externalities and complete the table: Externality Who is the third party? How is the third party impacted? Positive Example 1 Positive Example 2 Negative Example 1 Negative Example 2

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Externalities

Section: Chapter Questions

Problem 2PA

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Question

1. Provide two examples of positive and negative externalities and complete the table:

	Externality	Who is the third party?	How is the third party impacted?
Positive Example 1
Positive Example 2
Negative Example 1
Negative Example 2

2) Explain, with the use of examples, the difference between public and private goods.

3) Provide a real-world example of asymmetric information. Explain.

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