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Externalities (Part 2)- Positive Externalities- Topic Micro 6.2
2:42
YouTubeJacob Clifford
Externalities (Part 2)- Positive Externalities- Topic Micro 6.2
Mr. Clifford's 60 second explanation of positive externalities (aka: spillover benefits). Notice that there are two different demand curves. One is the marginal private benefit which ignores the spillover benefits of flu shots and the other is the marginal social benefit (MSB) which includes the additional benefits to society. Please keep in ...
375.4K viewsJan 15, 2010
Positive Externality
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