Last Min Flashcards
1
Q
Positive externalities result in what type of production
A
Under
2
Q
Negative externalities result in what kind of production
A
Overproduction
3
Q
Why does a DWL occur for a positive externality
A
Firms/individuals dont capture full benefit
4
Q
Why does DWL occur for negative externalities
A
Firms/individuals dont bear the costs to 3rd parties
