Top Left Plot a) market without externalities b) market with positive externalities in consumption c) market with negative externalities in production d) market with negative externalities in consumption e) market with positive externalities in production Top-Right Plot a) market without externalities b) market with positive externalities in consumption c) market with negative externalities in production d) market with negative externalities in consumption e) market with positive externalities in production Bottom-Left Plot
Top Left Plot
a) market without externalities
b) market with positive externalities in consumption
c) market with negative externalities in production
d) market with negative externalities in consumption
e) market with positive externalities in production
Top-Right Plot
a) market without externalities
b) market with positive externalities in consumption
c) market with negative externalities in production
d) market with negative externalities in consumption
e) market with positive externalities in production
Bottom-Left Plot
a) market without externalities
b) market with positive externalities in consumption
c) market with negative externalities in production
d) market with negative externalities in consumption
e) market with positive externalities in production
Bottom-Right Plot
a) market without externalities
b) market with positive externalities in consumption
c) market with negative externalities in production
d) market with negative externalities in consumption
e) market with positive externalities in production
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Solved in 3 steps
