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Just since it is done traditionally, you can prepare printed Christmas lyrics sheets and hand them in the market to your friends and relatives. Then you are able to all go nearby the piano to sing the songs 1 by 1. That is, of course, when you have a piano. If not, then you'll be able to take action inside easiest and modern way, via your computer and PowerPoint. All you have to do is usually to download Christmas music online, in particular those karaoke audio tracks, and participate in it. With great stereo sounds along with a few microphones, you and your friends and relatives will truly enjoy Christmas Eve.
In the face of market failure, coase has given the opposite answer: external-utility problems can be solved by explicitly using the market, without government intervention. And zhang wuchang is more absolute, he said that there is no so-called external utility, there is only unclear property rights. Anyway, coase brought revolutionary innovation to market concepts. He made it clear that the key to the market was not the "price mechanism" of impersonal machinery, but the power of participants in economic activity (property rights)