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4:32
YouTube
Learn Liberty
Negative Externalities and the Coase Theorem, Explained
What are negative and positive externalities? How does it relate to the Coase Theorem? Learn more: http://bit.ly/1HVAtKP In economic activity, there are sometimes 'externalities' or spillover effects to other people not involved in the original exchange. Positive externalities result in beneficial outcomes for others, but negative externalities ...
354.8K views
1 Jul 2011
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