Explain the market failure associated with negative externality. Choose an industry from your home country that creates a negative externality. (Hint: this is your case study that you need to describe in details, provide relevant information, use table, diagrams where

| December 7, 2018

Explain the market failure associated with negative externality. Choose an industry from your home country that creates a negative externality. (Hint: this is your case study that you need to describe in details, provide relevant information, use table, diagrams where appropriate). How does the government address the negative externality in your case study? Explain using economic theory and illustrate it on a diagram. Suggest your ways in which the market failure associated with negative externa …

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