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39. Externalities and Welfare

In this video, I show why positive externalities and negative externalities lead to deadweight loss. For a list of videos and links to these videos (organized by topic), check out the Intromediate Microeconomics video web page: http://blog.thisyoungeconomist.com/p/learn-microeconomics.html This video goes along with my textbook, "Intromediate Microeconomics," which is available for purchase ($18 for an E-book with solutions) at: http://www.lulu.com/cookson
Length: 11:13

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