Assignment:
Pick a topic and pick an example from a song, movie, book, play, news report, comic book, TV show or anything that is considered media that illustrates the concept you picked. ( Use media like movie, tv show, song to illustrate the topic given). ( The example of the essay is attached below)
Write a 500 words essay about the concept using the example from the media.
The topic:
1. Market Inefficiencies (Pollution should always be eliminated, no matter what cost)
2. Externalitties and public good
3. Externalities ( Internal cost, external cost, social cost)
4. The third party problem( which occurs when those not directly involved in market activity expericenced negative or positive externalities)
5. Private property, private goods, and public goods
6. Cost Benefit analysis
7. Internet Pircay
8. Common resources and tragedy of the commons