
Instructor: Prof. Jonathan Gruber
View the complete course: ocw.mit.edu/courses/14-01-principles-of-microeconomics-spring-2023/
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In this lecture, Prof. Gruber introduces the concept of externalities, which are a positive or negative side effect or consequence of an activity that affects other people or firms who did not choose to be involved in the activity. Keywords: externality, consequence, externality theory, government, policy, practices
License: Creative Commons BY-NC-SA
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