ECON 001A Lecture Notes - Lecture 1: Externality

1.What is meant by externalities? What are the different types of externalities?

2.What are different types of externalities?

3.What is the Coase theorem? How is it related to externalities?

What are network externalities? What is the externality part of the network externalities? why don't firms with network externalities become monopolists?

5. Global warming and biodiversity are examples of 

a. national externalities

b. local externalities

c. international externalities.

d. none of the above