Externalities

Content Video 24 of ABM1041: Principles of Microeconomics
Content follows Microeconomics: Principles for a Changing World, 6/e, by Eric Chiang
Chapter 13- Market Externalities
1. Revisiting market failure- the causes of positive and negative externalities.
2. Externalities as a justification for market intervention.
3. Pollution, resource use, and the tragedy of the commons.