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    Conventional Market-Based Policies vs. Sustainability

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    Define the concept of externalities. What recent or current events have illustrated this concept?

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    Conventional Market-Based Policies vs. Sustainability

    A.C. Pigou was one of the pioneers in the concept of externalities (Hurwicz, 1999), a term used to explain the relationship between two primary parties who make or exchange products and an ...

    Solution Summary

    An explanation of externality, with an examples of positive and negative externalities.