Market Failure diagrams&definitions
Public Economics and Startup Entrepreneurship
1.4 Market failure 1.4a Positive externalities Free markets do not always work to encourage efficient outcomes. Market failure refers to the situation.
1 “ The Economic Way of Thinking ” 12 th Edition Chapter 10: Externalities and Conflicting Rights.
Unit II Test Review. What occurs when resource costs force producers to raise prices in order to maintain their profits? Cost-push inflation.
Date: March 21, 2013 Topic: The Role of Prices Aim: How do prices play a role in the free market? Do Now: Multiple Choice Questions.
Unit 6: Market Failures and the Role of the Government
McGraw Hill: 5 Steps to a 5 on AP Microeconomics/Macroeconomics 2010-2011
