More cards in this set

Card 6

Front

describe positive and negative externalities of consumption

Back

Preview of the front of card 6

Card 7

Front

what is a private cost

Back

Preview of the front of card 7

Card 8

Front

what is a private benefit

Back

Preview of the front of card 8

Card 9

Front

what is a social cost

Back

Preview of the front of card 9

Card 10

Front

what is a social benefit

Back

Preview of the front of card 10

Card 11

Front

what are external costs

Back

Preview of the front of card 11

Card 12

Front

what are external benefits

Back

Preview of the front of card 12

Card 13

Front

when does market failure occur

Back

Preview of the front of card 13