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Mildred ane Craig are Nieghbors in Ft Lauderdale Florida. They each own a two story building....

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Economics

Mildred ane Craig are Nieghbors in Ft Lauderdale Florida. They eachown a two story building. Mildred has a green house on top of herbuilding- in this greenhouse she grows organic peppers which shesells at the local farmers market every Saturday. Each Organicpepper cosy her 0.50 cents to grow. Every sunday at the farmersMarket mildred can expect to sell 100 peppers at $2 dollars apiece. Yesterday Mildred recieved a notice from the city of FtLauderdale informing her that constructuon was about to begin onCraigs building. Craig har upkeep and maintence expenses of $50dollars a week, Craig expects to rent out the third story for $100a week. Mildred is upset at the prospect of Craig adding a thirdstory to his building because the third Story will block thesunlight which her peppers need to grow. Without sunlight, Mildredexpects that on average each pepper will cost her .50 cente togrow; however the number of peppers she can sell at the farmersmarket for $2 dollars will fall to 40.

How can the externality be internalizer? ( Note: I want adetialed anaylsis of each actors choice calculus. And think interms of weekly payment.)

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