This research paper describes how the installation of an anti-theft device on cars has helped reduce crime in general in some areas. The concept of positive externalities can be seen in this example.

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anti-theft device, antitheft device, auto theft, externality, marginal private benefit, marginal private cost, marginal social benefit, marginal social cost, positive externality, analysis of, analysis of positive externalities

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Classroom Considerations

Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)

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