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How government can intervene to correct the problem

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Reference no: EM133129218

Suppose you are watching a cricket match and a persona sitting near you starts smoking. The smoke is making you feel ill.

Q1a. Consider the following event and identify which type of externality it creates. In your answer you need to also explain whether the private market will be an over allocation or under allocation of resources?

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Q1b. How government can intervene to correct the problem?

Reference no: EM133129218

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