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PUB3705 Assignment 3 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED
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  • April 17, 2024
  • 6
  • 2023/2024
  • Exam (elaborations)
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PUB3705
Assignment 3 Semester 1 2024
Unique Number: 708844
Due Date: 19 April 2024


Introduction

Exteranlities, a fundamental concept in economic theory, has implications far beyond the
theoretical into the practical realm of public management and policy-making. An externality
exists whenever the actions of an individual or firm affect others for better or worse, without
those effects being reflected in market prices. This essay explores the nature of externalities,
types, and their significance to public managers who are tasked with promoting efficiency and
equity within the public realm.

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