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Why Can't Private Individuals Always Internalize an Externality Without the Help

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Why can't private individuals always internalize an externality without the help of government?


Definitions:

Hypothalamus

A region of the brain that coordinates many bodily functions, including hunger, thirst, temperature regulation, and the release of hormones.

Cerebellum

A part of the brain located at the back of the skull, beneath the cerebrum, responsible for coordinating voluntary movements, balance, and posture.

Muscular Activity

Muscular activity refers to the movement or action generated by the contraction of muscles, which can range from voluntary movements to involuntary processes.

Animal's Ability

Refers to the innate or learned capacities of animals to perform actions or solve problems relevant to their survival and reproduction.

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