Unit 1: Markets are Efficient, Except . . . Intro to Microeconomics

Lesson 5b: Market Failures Continued: Positive Externalities and Public Goods

Key Graphs

 

Positive Externalities (underallocation of resources)

Positive Externalities and the Role of Government:
Increase Demand

Positive Externalities and the Role of Government:
Increase Supply

 

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Lesson 5b