Using a Supply and Demand Diagram, Demonstrate How a Positive

question 146

Short Answer

Using a supply and demand diagram, demonstrate how a positive externality leads to market inefficiency. How might the government help to eliminate this inefficiency?

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Definitions:

Assisted Listening Device

A device that helps individuals with hearing loss listen more clearly to sounds and voices, often used in public spaces and with electronic devices.

Discriminatory

Behaving in a prejudiced manner towards individuals based on their race, age, sex, nationality, or other characteristics.

Public Relations

The professional practice of managing and influencing public perception of an organization or individual.

Hearing Disability

A range of conditions that result in partial or total inability to hear, which can affect one’s ability to communicate and interact with others.