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Card 6
Front
What is a free market equilibrium?
Back
Card 7
Front
What is social optimum equilibrium?
Back
Card 8
Front
What does the free market ignore in terms of externalities?
Back
Card 9
Front
What are public goods?
Back
Card 10
Front
What are private goods?
Back
Card 11
Front
What are 2 qualities of public goods?
Back
Card 12
Front
What is the free rider problem?
Back
Card 13
Front
What is the valuation problem?
Back
Card 14
Front
How does the gov manage to provide public goods?
Back
Card 15
Front
What is symmetric information
Back
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