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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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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
8
What is marginal external cost?
9
What is marginal social cost?
10
What is marginal private benefit?
11
What is marginal external benefit?
12
What is marginal social benefit?
13
Why do externalities result in market ...
14
True or False: a negative externality ...
15
True or False: a positive externality ...
16
At what point does the socially optimum ...
17
Is the market equilibrium quantity ...
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Free Flashcard From AP Microeconomics: Market Failure & Government (A)
Question:
What is marginal external cost?
Answer:
the marginal cost (i.e., damage or harm) of production imposed externally (i.e., on third parties)