ECO 204 Week 2 Discussion 2 | Assignment Help | Ashford University
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- 05 Mar 2020
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ECO 204 Week 2 Discussion 2 | Assignment Help | Ashford University
Week 2 - Discussion 2
Externalities
Externalities are costs
or benefits associated with consumption or production that are not incurred by
the consumer or producer and are therefore not reflected in market prices. The
cost or benefit of an externality remains external when falling to parties
other than the buyer or seller.
Respond to the
following:
- Describe some differences between a
positive externality and a negative externality.
- Provide one example of a positive
externality and a negative externality, respectively. Explain your
reasoning.
- How could you solve your examples
of externalities to attain market efficiency?
- Does the government need to
intervene with externalities to effect market efficiency?
Your initial post
should be a minimum of 300 words.
Guided Response: Respond
substantively (a minimum of 100 words) to at least two of your classmates’
posts. What is similar or different between your post and theirs? What advice
could you offer them? Substantive responses use theory, research, experience,
or examples to support ideas and advance class knowledge on the discussion
topic.
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