Explain difference between positive and negative externality, Microeconomics

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Explain difference between positive and negative externality

Discussion:

Externalities

Explain the difference between a positive and negative externality. In your analysis, make sure to provide an example of each type of externality. Why does the government need to get involved with externalities to bring about market efficiency? What solutions need to be provided for your examples?

Please respond with 250 words or more and provide at least one reference.

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Microeconomics: Explain difference between positive and negative externality

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