Positive vs. Negative Externalities — Microeconomics Final Exam Review #tutoring
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Positive vs. Negative Externalities — Microeconomics Final Exam Review #tutoring
College Business Core Students: This is how you can determine NEGATIVE vs. POSITIVE externalities. It ultimately comes down to the QUANTITIES. Is the socially optimal quantity (MSC = MSB) LESS than the private market quantity (MPC = MPB)? Then we’re working with a NEGATIVE EXTERNALITY… society wishes that less of the good were outputted. Is ...
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