WorksheetsMarket Failure: Externalities (MRU Based)
Total questions: 15
Worksheet time: 11mins
The price you pay for an iTunes download
Private costs
External costs
Private benefits
External benefits
The benefit your neighbor receives from hearing you play your pleasant music
Private costs
External costs
Private benefits
External benefits
The annoyance of your neighbor because she doesn’t like your achingly conventional music
Private costs
External costs
Private benefits
External benefits
The pleasure you receive from listening to your iTunes download
Private costs
External costs
Private benefits
External benefits
The price you pay for a security system for your home
Private costs
External costs
Private benefits
External benefits
The safety you enjoy as a result of having the security system
Private costs
External costs
Private benefits
External benefits
The crime that is more likely to occur to your neighbor once a criminal sees a “Protected by alarm” sticker on your window.
Private costs
External costs
Private benefits
External benefits
The extra safety your neighbor might experience because criminals tend to stay away from neighborhoods that have a lot of burglar alarms
Private costs
External costs
Private benefits
External benefits
The extra safety your neighbor might experience because criminals tend to stay away from neighborhoods that have a lot of burglar alarms
Private costs
External costs
Private benefits
External benefits
The bad reputation your entire class receives because of a few misbehaving pupils.
Private costs
External costs
Private benefits
External benefits
The bees from your neighbour's apiary (bee collection) pollinating your fruit trees
Private costs
External costs
Private benefits
External benefits
The costs borne by the producer or consumer directly involved in a transaction
Private costs
External costs
Private benefits
External benefits
The benefits experience by the producer and/or consumer directly involved in an economic transaction.
Private costs
External costs
Private benefits
External benefits
The benefits received by third parties.
Private costs
External costs
Private benefits
External benefits
The negative effect received by third parties
Private costs
External costs
Private benefits
External benefits
