The primary difference between a good and a service, both of which are products to the marketer, is that a good is __________ and a service is __________.<span>a physical object; intangible.</span>
Answer: D. Moral codes and social sanctions
B. coordinating negotiations among all of the parties too costly.
Explanation:
Externality is when the action of a person affects others either in a positive or negative way.
The types of private solutions to the externality of littering that has occurred in this case is moral codes and social sanctions. In this case, Megan doesn't really think that what she wants to do is wrong but she is concerned with how littering would affect her neighbor.
We should note that private solutions to externalities do not work when coordinating negotiations among all of the parties too costly.
Answer:
b. have reason to know of the cause of the failure.