Externalities a. What are externalities? Cite examples of positive and negative externalities. b. How do externalities impact output? Why? c. List and explain two potential solutions to externalities that the government can impose. Illustrate these solutions graphically. d. Why won’t the market produce the correct quantities?

Match each business function with its description. operations marketing finance strategy deals with the challenges that a company faces in the ever-changing business environment arrowright deals with debt, stock, and owner’s funds arrowright readies products and services for production and delivers them to the market arrowright deals with finding, targeting, attracting, and connecting with the right customers