Saturday, January 08, 2011

Unit 1: Repairing potholes: An activity with positive externalities?

Thanks to econoimicshelp for this

http://www.economicshelp.org/blog/economics/no-money-for-potholes/

a) Define positive externalities
b) What are the positive externalities associated with pot hole repair?
c) Comment on the suggestion that repairing potholes is a merit good

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