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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
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 ...
18
On an externality graph, free market ...
19
The market equilibrium quantity is ...
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Free Flashcard From AP Microeconomics: Market Failure & Government (A)
Question:
What is marginal private benefit?
Answer:
the marginal benefit enjoyed directly by the consumer or producer of a good or service