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Advance Information Economics > Theme 1: Externalities > Flashcards

Theme 1: Externalities Flashcards

1
Q

Draw a diagram identifying welfare loss (negative production externalities)

A
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2
Q

Draw a diagram identifying welfare gain (positive consumption externalities)

A
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3
Q

Draw a diagram illustrating what happens when there is asymmetric information and the buyer overestimates the benefits of the products.

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Advance Information Economics (44 decks)

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