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Card 6

Front

1.3.1 What is a demerit good?

Back

Preview of the front of card 6

Card 7

Front

1.3.2 What is an externality?

Back

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Card 8

Front

1.3.2 What is Marginal Social Cost?

Back

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Card 9

Front

1.3.2 What is Marginal Social Benefit?

Back

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Card 10

Front

1.3.2 When is social welfare maximised?

Back

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Card 11

Front

1.3.3 What is a public good?

Back

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Card 12

Front

1.3.3 What is a private good?

Back

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Card 13

Front

1.3.3 What is the free rider problem?

Back

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Card 14

Front

1.3.4 What is information failure?

Back

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Card 15

Front

1.3.4 What is asymmetric information?

Back

Preview of the front of card 15