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Economic Impact on Third parties: Often economic activity has an impact on those not involved in the interaction. This type of economic wrath can be positive and/or negative.
2011Final Project- Powerpoint Helper2011 A second Final Project- powerpoint helper2012 Final Project2012 http://externalities.weebly.com/ap-questions.html Final Project WebsiteEssential Questions-
What is the relationship between private and social marginal costs?
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What is the relationship between private and social marginal benefits?
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Using the externality graphs illustrate how the government responds to market failures such as the existence of positive and negative externalities.
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Do cap and trade policies provide a workable solution to the nation's pollution problems?
Key Concepts-
Market Failure
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Externalities- Side effects on third parties
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Marginal Social Costs (Negative Externalities)
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Marginal Social Benefits (Positive Externalities)
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Anti- Trust Policies
- Free Riders
Helpful Websites -
Last Modified on January 25, 2019