More cards in this set

Why are negative externalities a form of market failure?

What are positive externalities?

What are demerit goods?

What are some examples of demerit goods?

How can the overproduction of demerit goods be corrected?

How can labour markets fail?

What is imperfect information?

What is asymmetric information?

How can imperfect or asymmetric information cause market failure?

How much of global GDP is environmental change costing?