Use the following to answer questions:
Figure: Correcting for Market Failure 
-(Figure: Correcting for Market Failure) There is an external cost in the market illustrated in the figure Correcting for Market Failure. If the government intervenes to correct for the external cost, the new _____ will now reflect _____ costs.
Definitions:
Decision Making Process
A systematic approach to making choices among various options based on criteria and logical considerations.
Action Item Registers
A list or record used to track tasks or actions that need to be completed, often used in meetings or project management to ensure accountability.
Internet-Based Tools
Software or applications accessible online that facilitate various tasks, including communication, project management, and data analysis.
Responsibility Matrices
Tools used in project management to define and document the roles and responsibilities of individuals or teams in delivering tasks or objectives.
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