1. Explain why both positive and negative externalities are considered market failures?

Externalities both positive and negative lead to market failure because a product or service's price equilibrium does not accurately reflect the true costs and benefits of that product or service.

Explanation:

In Economics market failure of a product is a very vital thing. Except demand, supply and price externalities are another fact that can influence a product's market condition. Positive externalitis are those which positively influence market like well educated labor force benefited company. Similarly, negative externalitis are those which affect company adversely like pollution emitted from company affect surrounding environment and the health of nearby residents.

Therefore, positive and negative externalities both affect the consumption and market of commodity to a great extent.

- "sack of constantinople, (april 1204). the diversion of the fourth crusade from the holy land to attack, capture, and pillage the byzantine city of constantinople divided and dissipated the efforts of the christians to maintain the war against the muslims. the fourth crusade was corrupted from its purpose early on."

- "the crusades were a series of religious wars undertaken by the latin church. the first crusade arose after a call to arms in 1095 sermons by pope urban ii. the first crusade unleashed a wave of impassioned, pious catholic fury, which was of constantinople, the capital of the christian-controlled byzantine empire."

< 3

answer; the sons of liberty;