Find two sources to help you answer the following questions about the industry of your choice.
1) Research any negative or positive externalities the industry produces. Does the transaction of a buyer and seller directly affect a third party? Is the effect a negative or positive externality? How does the externality impact the economy?
2) Research whether the industry produces public goods or private goods, or is a natural monopoly. Are the goods or resources rival, excludable, or neither? Explain.