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