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A Negative Externality. For example, in the production of Fuel, the private cost of producing the good (i.e £1) many not take into account the social cost of production (e.g pollution, climate change ect....

'A' without an accent represents the verb 'avoir', it can be used as a verb or an auxiliaire and can therefore in a sentence be replaced with avoir. 'A' with an accent can't t be replaced by avoir but is...

The first piece of information we need to extract from the question is the area of maths we are working in. The populations at the start of each year form a sequence. The first term of the sequence is 20,...

A public good is a good or service which is both non-rival and non-excludable. Non rival means that one person consuming the good does not stop somebody else from consuming it. For example, cake is rival,...

The Application layer is the first in the stack; it uses high-level protocols that set an agreed standard for the communicating end-points; related to the application used to transmit data. It does not ac...