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Negative externalities require external interference in market economies to produce the socially optimal outcome. Climate change and pollution are clear example
by stu2b50 4y ago
Negative externalities require external interference in market economies to produce the socially optimal outcome. Climate change and pollution are clear examples of negative externalities.
As it happens, the farming of meat actually has severe negative externalities in this case. If anything, it's farmed meat that should be restricted by the government in that model.