Negative Externalities

Watch this video to learn how to depict a negative externality from production when the total societal costs of production is not taken into account when producing. A typical example of a negative externality in production is environmental pollution for the case of factories.


Source: Khan Academy, https://www.khanacademy.org/economics-finance-domain/ap-microeconomics/ap-consumer-producer-surplus/externalities/v/negative-externalities
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Last modified: Monday, July 22, 2024, 10:31 AM