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Explain why one approach is better than the other.

Please answer the following questions in paragraph form: 1. Give an example of an externality cost and an externality that benefits people. Specifically, explain why externalities tend to cause additional pollution and environmental degradation and why externalities...

Are they a “natural monopoly”?

Give an example of price discrimination. Which firm is taking part in it? What is the product/ service? Which type of price discrimination is it? Are you okay with this type of discrimination? OR Name and describe a firm or industry that has control of a key input...