Tag Archives | Positive Externalities and Allocative Efficiency

Positive Externalities and Allocative Efficiency

After reading this article you will learn about the relationship between positive externalities and allocative efficiency. Positive externality occurs whenever private markets fail to allocate resources on the basis of full social benefits. I­mmunization against communicable disease, external benefits from edu­cation at schools are typical examples of positive externalities. Indi­viduals who are external to the […]

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