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shaerovira shaerovira
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4 years ago
Traffic congestion in cities and towns provides an example of the market failing to reach a socially optimum level due to

▸ marginal social benefits exceeding marginal private benefits.

▸

positive externalities of private car travel.



▸ marginal private costs exceeding marginal social costs.

▸ marginal private benefits of car travel equalling marginal social benefits.

▸ negative externalities of private car travel.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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jeromet1jeromet1
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4 years ago
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