Explain the economic effects of spillover costs
i. Provide specifics starting with the firm avoiding costs (how and why that happens) and conclude with the nature of the market failure.
e. Thoroughly and completely explain how spillover costs are corrected and how those solutions would actually work to solve the problem. Be specific.
f. State the definition of spillover benefits, give 2 examples.
i. Define and explain spillover benefit.
ii. Give two example of a spillover benefit situation and explain
Why your examples are correct. Be specific.