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Market outcome and social optimum

Market outcome and social optimum

The free market produces at the private equilibrium, where marginal private benefit equals marginal private cost: MPB=MPCMPB = MPCMPB=MPC. This outcome reflects only the costs and benefits considered by buyers and sellers.

7.4.5 deadweight welfare losses arising from positive and negative externalities Lesson

  1. Intl A Level
  2. /Economics
  3. /7.4.5 deadweight welfare losses arising from positive and negative externalities

Step-by-step lessons on CIE Intl A Level Economics 7.4.5 deadweight welfare losses arising from positive and negative externalities. Each one builds up to exam-style questions.

Lessons