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More cards in this set
Card 6
Front
What are external costs/benefits?
Back
Card 7
Front
What are social costs/benefits?
Back
Card 8
Front
What is a merit good?
Back
Card 9
Front
What is a demerit good?
Back
Card 10
Front
What is marginal private benefit?
Back
Card 11
Front
What is marginal social benefit?
Back
Card 12
Front
What is marginal social cost?
Back
Card 13
Front
What is marginal private cost?
Back
Card 14
Front
How can the government intervene to ensure the market considers the external costs and benefits?
Back
Card 15
Front
What is the free rider problem?
Back
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