Chapter 10 - Externalities

negative externality

A(n) ________ can be considered the exhaust from automobiles.

Bipartisan action

________ is not on the White House or Congress 'agenda.

external effects

When ________ are present, third parties must be taken into account when evaluating a market outcome.

Social value

________ is more advantageous than private and it's above the demand curve.

externality

Polluting firms pay the government and it costs the government more by internalizing the ________.

market equilibrium

The ________ is not efficient when there are externalities.