740786
Descrição
Mapa Mental por christian525, atualizado more than 1 year ago
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Criado por christian525
mais de 10 anos atrás
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Market Failure + Externalities
- Complete
- missing markets
- missing markets
- Partial
- produces wrong quantity
- wrong pricing
- produces wrong quantity
- Causes of
Market Failure
- neg.
externality
- MSC exceeds MPC
- MSC exceeds MPC
- pos.
externalities
- MSB exceeds MPB
- MSB exceeds MPB
- Imperfect information
- merit goods underproduced
- demerit goods over-produced
- merit goods underproduced
- market dominance by
monopoly
- leads to under-production and high prices
- leads to under-production and high prices
- Factor immobility
- causes unemployment
- lower productive efficiency
- causes unemployment
- neg.
externality
- Externalities
- third party effects
- occur outside market
Anotações:
- i.e. people not directly involved in production or consumption
- Positive
- MSB > MPB
- good underproduced
- MSB > MPB
- Negative
- MSC > MPC
- leads to overproduction
- leads to overproduction
- smoking
- litter
- food waste
- pollution
- impact on health
- impact on health
- MSC > MPC
- third party effects
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