There are two ways to protect your car from theft. the club, Ask an Expert

Economics

There are two ways to protect your car from theft. The "club" makes it difficult for a car thief to take your car. Lojack makes it easier for the police to catch the car thief who has stolen it.

Which of these types of protection conveys a negative externality on other car owners ?

Which one conveys a positive externality?

Are there any policy implications in your analysis ?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M997545

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