Documents Market failure: Externalities & Public goods

Price Quantity Demand = MB QC Supply = Sum of MC PC PC d = MR = MB MC qC quantity Competitive Market Competitive firm in Market Competitive markets achieve Allocative efficiency…

Documents Price Quantity Demand = MB QCQC Supply = Sum of MC PCPC PCPC d = MR = MB MC qCqC quantity...

Slide 1 Slide 2 Slide 3 Price Quantity Demand = MB QCQC Supply = Sum of MC PCPC PCPC d = MR = MB MC qCqC quantity Competitive MarketCompetitive firm in Market Competitive…