Externalities
Social costs that firms create during production that they do not absorb. Despite Coase Theorem, this still amounts to a social cost for someone to bear.
Immediately related elementsHow this works
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VSI: Problem Jostle Â»VSI: Problem Jostle
Phase 1: Generate SIs Â»Phase 1: Generate SIs
Market Failure Â»Market Failure
Externalities
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