4.3.5: Implications of Nonrivalness

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Do curso por University of Pennsylvania
Microeconomics: When Markets Fail
236 ratings
University of Pennsylvania
236 ratings
Na lição
Externalities + Public Goods
Two classic cases of market failure will be defined and explored: externalities and public goods. We will define each case, demonstrate why the market fails to provide the efficient outcome and suggest interventions through either marked design or regulation.

Conheça os instrutores

  • Rebecca Stein
    Rebecca Stein
    Senior Lecturer
    Economics

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