Chapter 10 - Externalities

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negative externality

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16 Terms

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negative externality

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

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2

Bipartisan action

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

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3

external effects

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

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4

Social value

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

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5

externality

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

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13

market equilibrium

The ________ is not efficient when there are externalities.

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