Which of the following statements regarding 'Externalities' are correct? 1. Externalities can be both positive as well as negative. 2. Externalities do not have any market in which they can be bought and sold. 3. Education cannot be an externality. Select the correct option using the options given below: (a) 2 and 3 only (b) 1 and 2 only (c) 1 and 3 only (d) 1, 2, and 3
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Step 1: Externalities can be both positive as well as negative. Show more…
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