Tuesday
May 26, 2015

Homework Help: Micro Economics

Posted by Ashley on Tuesday, May 25, 2010 at 9:23am.

Externalities are third party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a third party. Identify a positive and a negative externality. Discuss the benefits and costs associated with each type of externality. What happens to the Supply and/or Demand curve in each of your examples?

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