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1.Use the empty graph below to draw a situation in which there is a negative externality
associated with the production of a good. Show the difference between the market outcome
and the socially optimal outcome on a graph

2. Use the empty graph below to draw a situation in which there is a positive externality
associated with the consumption of a good. Show the difference between the market
outcome and the socially optimal outcome on a graph

1Use the empty graph below to draw a situation in which there is a negative externality associated with the production of a good Show the difference between the class=

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