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A particular technology is both highly profitable and produces large benefits for consumers in terms of...

A particular technology is both highly profitable and produces large benefits for consumers in terms of a large consumer surplus. The technology also has a negative production externality. Explain under what conditions this particular technology should no longer be used if you take a perspective of societies overall welfare.

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Answer:If a particular technology is both highly profitable and produces large benefits for consumers in terms of a large consumer surplus.but the  technology also has a negative production externality. Then first we should control or reduce the negative impact of that techlogy on our environment by controlling production or by imposing higher social taxes. And if,despite of taking these steps many important environmental issues remains the same. Along with high level damage to our environment and socities overall welfare then in such condition it should no longer be in used from a perspective of societies overall welfare.

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