Chapter 10 - Externalities
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Last updated 4:06 PM on 4/5/22
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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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Bipartisan action
________ is not on the White House or Congress 'agenda.
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external effects
When ________ are present, third parties must be taken into account when evaluating a market outcome.
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Social value
________ is more advantageous than private and it's above the demand curve.
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externality
Polluting firms pay the government and it costs the government more by internalizing the ________.
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market equilibrium
The ________ is not efficient when there are externalities.
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Flashcards (30)