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Public goods and externalities

In many scenarios thinking only about producers' marginal cost or consumers' marginal benefit does not fully capture *all* of the costs or benefits from the production/use of a product. In this tutorial, we explore these externalities (negative and positive ones) to think a bit deeper about ways to maximize total surplus not just for producers and consumers, but for society as a whole.

Topics: Finance, Economics
Cost: Free

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Description

In many scenarios thinking only about producers' marginal cost or consumers' marginal benefit does not fully capture all of the costs or benefits from the production/use of a product. In this tutorial, we explore these externalities (negative and positive ones) to think a bit deeper about ways to maximize total surplus not just for producers and consumers, but for society as a whole.

Details

  • Days of the Week: Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday
  • Level of Difficulty: Beginner
  • Size: One-on-One
  • Instructor: Sal Khan
  • Cost: Free
  • Institution: Khan Academy
  • Topics: Finance, Economics

Provider Overview

About Khan Academy: Khan Academy is an organization on a mission. Khan Academy is a not-for-profit with the goal of changing education for the better by providing a free world-class education for anyone anywhere.

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