Both public goods and common resources involveexternalities.a. Are the externalities associated with public goodsgenerally positive or negative? Is the free-marketquantity of public goods generally greater or lessthan the socially efficient quantity? Cite examplesin your answer.b. Are the externalities associated with commonresources generally positive or negative? Is thefree-market use of common resources generallygreater or less than the socially efficient use?Cite examples in your answer.

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