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

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

Assignments: Video Lectures

MARKET FAILURE: POSITIVE EXTERNALITIES 8.4.3 Explaining How to Internalize External Benefits (Positive Externalities (5:34) [MyNotes] Market Failure - Positive Externalities of Consumption (econclassroom.com 10:51) MARKET FAILURE: PUBLIC GOODS 8.2.1 Defining Public Goods 13:32 [MyNotes] TRAGEDY OF THE COMMONS The Tragedy of the Commons as a Market Failure (econclassroom.com 14:29) [MyNotes] Tragedy of the Commons (YouTube - LearnLiberty - 3:19)

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