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Externalities
Question
1
#137890
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.
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VSI: Problem Jostle »
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VSI: Problem Jostle☜Task: to arrive at subject matter and membership of small working groups. ☜F1CEB7
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Market Failure »
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Market Failure☜Markets often fail, with and without government regulation. Without the external insertion of authority, markets only produce what individuals collectively demand. ☜FFB597
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Externalities
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. ☜FFB597
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Entrée par:
Neil Harrison
NodeID:
#137890
Node type:
Issue
Date d'entrée (GMT):
2/5/2012 1:41:00 AM
Date de la dernière modification (Heure GMT):
2/5/2012 1:42:00 AM
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