Conduct exploratory research on how the government internalizes negative externality

This is a written assignment that you must conduct exploratory research on how the government internalizes negative externality (you only need one market or one product or one activity).

Recall negative externalities occur in many markets; for example, oil production, manufacturing, transportation, and smoking, etc.

Please make sure that:

1. You clearly identify the market (product or activity) that causes negative externalities, which means the negative externalities must be also well defined. These could be shown with good statistics and proper in-text citations (and references.)

2. You are to write a summary of the policy implemented in the market of your choice. Again, properly if you use any direct quotes or statistics from the sources, you must cite the sources properly.