1
Q
What is market failure?
A
2
Q
A
3
Q
A
4
Q
A
5
Q
How do you calculate social marginal cost?
A
SMC = PMC + MD
6
Q
Explain the following diagram:
A
7
Q
A
8
Q
A
9
Q
What are positive production and consumption externalities?
A
10
Q
Summarise what each externality leads to
A
11
Q
A
12
Q
A
13
Q
A
14
Q
PARTS 5-8
A
16
Q
PARTS 1-4
A
17
Q
A
18
Q
A
19
Q
A
20
Q
A
Public Economics
flashcards
Decks in class (10)
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