A few clear examples in this BBC news story
http://www.bbc.co.uk/news/uk-england-london-16312806
a) What are the negative externalities arising from the Hyde Park concerts listed in the article?
b) Explain why these are negative externalities
c) What form of action is the government suggesting to reduce the market failure?
d) How likely is such a course of action to reduce the market failure and lead to a more socially optimum output?
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