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AP Microeconomics: Market Failure & Government (A)
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Last update by
swtxhunnie
on 05/07/2009
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AP Microeconomics: Market Failure & Government (A)
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This Deck Belongs To
DemiDec
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Microeconomics
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AP Microeconomics
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AP Microeconomics
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AP Microeconomics: Market Failure & Government (A)
Flashcard Review
1
What is marginal private cost?
2
A fruit orchard is located next to a ...
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What type of externality does pollution ...
4
What type of externality does a vaccine ...
5
What type of externality does ...
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What is market failure?
7
What is an externality?
8
What is marginal external cost?
9
What is marginal social cost?
10
What is marginal private benefit?
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Free Flashcard From AP Microeconomics: Market Failure & Government (A)
Question:
What is marginal private cost?
Answer:
marginal cost of production for a firm; does not include external costs imposed on third parties