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One Reason That Private Solutions to Externalities Do Not Always

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One reason that private solutions to externalities do not always work is that


Definitions:

Biological Factors

Refer to physiological, genetic, and neurological conditions that affect an individual's behavior and traits.

Social Factors

Aspects of society that influence individuals' behaviors, attitudes, and life chances.

Life Span

The maximum or average duration of life of an organism or a category of organisms.

Personality Develops

The process by which an individual's characteristic patterns of thinking, feeling, and behaving are established and change over time.

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