FS08EC2106_L10 - ECON 2106-C Prof B-C Kim In this chapter look for the answers to these questions What is an externality Why do externalities make

FS08EC2106_L10 - ECON 2106-C Prof B-C Kim In this chapter...

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ECON 2106-C Prof. B-C Kim
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In this chapter, look for the answers to these questions: What is an externality? Why do externalities make market outcomes inefficient? What public policies aim to solve the problem of externalities? How can people sometimes solve the problem of externalities on their own? Why do such private solutions not always work? 1
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