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SOLVED: Explain how mandatory seat belt laws may reduce the negativeexternalities of risky behavior.

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SOLVED:What are negative externalities? List some examples.

SOLVED: Both public goods and common resources involve externalities.a. Are the externalities associated with public goods generally positive or negative? Use examples inyour answer. Is the free-market quantity of public goods generally greater or less than the efficientquantity?b. Are the externalities associated with common resources generally positive or negative? Use examples in your answer. Is the free-market use of common resources generally greater or less than the efficient use?