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MARKET FAILURE AND GOVT INTERVENTION

This class was created by Brainscape user Nana K. Visit their profile to learn more about the creator.

By: Nana K
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Decks in this class (11)

WHAT IS ALLOCATIVE EFFICIENCY
Free market equilibrium there is an,
Draw a diagram w effieicnet alloc...,
Supply is equal to
43  cards
TYPES OF MKT FAILURE
What is market faiure,
State the market failure causes,
Why are externalities a casue of ...
10  cards
NEGATIVE EXTERNALITIES IN PRODUCTION AND CONSUMPTION
What are negative externalities i...,
In negative externalities of prod...,
What is a 3rd party production terms
36  cards
POSITIVE EXTERNALITIES IN PRODUCTION AND CONSUMPTION
A positive externality in product...,
A 3rd party in positive xdternali...,
Give 3 examples of positive exter...
25  cards
MERIT AND DEMERIT GOODS
What are merit goods,
What important to eval say about ...,
What is at the heart of this mkt ...
33  cards
PUBLIC GOODS
What is a public good,
Give examples of public goods,
What are the 2 fundamental charac...
27  cards
indirect tax and marekt failure
What do indirect tax do,
Indirect tax can increase cop for...,
Indirect taxes sole market fialur...
22  cards
subsidy and mkt failure
What is a subsidy,
What mkt fialrue can subsidies solve,
Give exampels of positive externa...
15  cards
minimum prices
Aka,
What is a minimum price,
Why do we use price floors
26  cards
maximum prices - price ceiling
Define it,
Legally prices cannot,
Why do we use a maximum price
18  cards
price controls and market fialure
0  cards

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MARKET FAILURE AND GOVT INTERVENTION

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