Khan Academy Static

In many scenarios thinking only about producers' marginal cost or consumers' marginal benefit does not fully capture *all* of the costs or benefits from the production/use of a product. In this tutorial, we explore these externalities (negative and positive ones) to think a bit deeper about ways to maximize total surplus not just for producers and consumers, but for society as a whole.

12384_Negative_externalities.html

12386_Positive_externalities.html

12387_Tragedy_of_the_commons.html

12385_Taxes_for_factoring_in_negative_externalities.html