Problem
Challenger, Gray & Christmas, Inc., a consulting firm, estimated that employers lost $1.8 billion in 2010 in unproductive wages during the first week of the March Madness NCAA basketball tournament. They calculate that workers averaged about 20 minutes a day filling out tournament brackets and entering one or more office pools. Employees also spent work hours watching parts of games on the Internet. Is this productivity loss an example of a negative externality? Explain.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.