4.3.2: Examples of Different Types of Goods

From the course by Пенсильванский университет
Microeconomics: When Markets Fail
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Пенсильванский университет
208 ratings
From the lesson
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.

Meet the Instructors

  • Rebecca Stein
    Rebecca Stein
    Senior Lecturer