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Market Failure in Economics?
02-19-2014, 12:46 PM
Post: #1
Shuji Offline
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Market Failure in Economics?
In the diagram of market failure, why MPC (marginal social cost) = MSC (marginal social cost) and MSB (marginal social benefits) = MPB (marginal private cost) ????
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02-19-2014, 12:50 PM
Post: #2
Sipra M Offline
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Pl. See notes on Wikipedia - Social cost
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