Assignment: Externalities
Write a two to three page paper in which you:
Identify and discuss three externalities, which can either be positive or negative.
Conclude why an externality might exist in the situation that you described, and determine the solutions to mitigate these particular externalities.
Analyze the different stakeholders (i.e., government, three affected parties) that are involved in the externality, and identify what their roles are with regard to the externality.