Example of good and negative externality associated

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Provide an example of a good and a negative externality associated with it. Explain the possible ways that negative externalities can be controlled. Describe what happens in the market if a tax is imposed on the output of the good (not the externality); include discussion of tax revenue, consumer and producer surplus, and deadweight loss. This question primarily draws on information in chapters 16 and 7.

Reference no: EM131161291

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