Completar frases Market Failures (D)Versión en línea Externality por Nilam Chandra 1 Positive Negative failure smoking Externality Free Market rider is the economic situation defined by an inefficient distribution of goods and services in the free market . 2 Free rider Externalities Non excludable Non rivalrous Market failures Public good occur when one person's actions affect another person's well - being , and the relevant costs and benefits are not reflected in market prices . 3 public failure free positive goods market rider negative externality A arises when my neighbors benefit from my cleaning up my yard . 4 externality failure market free excludable non negative positive rider A arises when one person's actions harm another . 5 market training externality failure education smoking An example of negative externality is . 6 pollution failure noise traffic congestion smoking education An example of positive externality is . 7 positive Private hospital childcare externality negative Middlemore failure market is an example of a public good . 8 Public goods Non rivalrous Nonexcludable Free rider Market failure Externality means that it is costly or impossible for one user to exclude others from using a good . 9 Free positive rivalrous Negative Non rider externality excludable means that when one person uses the good , it does not prevent others from using it . 10 free Market taxation public good positive externality Private A and services are administered by the government and paid for collectively through taxation . 11 market negative positive Free externalities rivalrous failures riders Non excludable are a problem because while not paying for the good or service they may continue to access or consume it .
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