List at least two economic consequences of each of the following, (5 points) a. A negative externality (for example, strong/offensive odor emanating from the manure pit at a CAFO dairy farm) b. A positive externality (for example, elevated carbon sequestration on pasture land managed by a beef cattle rancher) c. High transaction costs d. High costs of exclusion but low rivalry in use e. Low costs of exclusion but high rivalry in use
