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Why can't private individuals always internalize an externality without the help of government?
Ebbinghaus
Refers to Hermann Ebbinghaus, a psychologist known for his research on memory and the forgetting curve.
Forgetting
The inability to recall a past experience.
Context Attributes
The characteristics or features of an environment or situation that can influence an individual's perception and response.
Availability
The ease with which information or resources can be accessed or found.
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