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AP Microeconomics
Unit 6 – Market Failure and the Role of Government
Topic 6.2
Unit 6 – Market Failure and the Role of Government
6.2 Externalities 😵☢️💩
mixed difficulty
What is an externality?
A government intervention in the market to correct inefficiencies.
An internal cost to the firm resulting from a market failure.
The cost of producing a good or service.
A third-person side effect of an economic decision that impacts someone other than the original decision-maker.
Study guides (1)
AP Microeconomics - 6.2 Externalities
Key terms
Externality
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