Spillover costs and benefits flashcards

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In a competitive market ______ will not always reflect all spillover benefits In a competitive market demand will not always reflect all spillover benefits
How do spillover costs arise? Spillover costs arise when firms "use" resources without being compelled to pay for their full costs.
How would resources be allocated in a competitive market? resources will be misallocated if government does not properly adjust demand and supply for large spillover costs and benefits.
What does spillover benefits refer to benefits that accrue to parties other than the producer and buyer of a good
A pure market economy over allocates resources to the production of goods that involve Spillover costs
A spillover cost or spillover benefit is also known as It is also known as externality
what does spillovers or externalities relate to They relate to to both costs and benefits

In a competitive market ______ will not always reflect all spillover benefits

How do spillover costs arise?

How would resources be allocated in a competitive market?

What does spillover benefits refer to

A pure market economy over allocates resources to the production of goods that involve

A spillover cost or spillover benefit is also known as

what does spillovers or externalities relate to

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