Negative Externalities
Watch this video to learn how to depict a negative externality from production when the total societal costs of production is not taken into account when producing. A typical example of a negative externality in production is environmental pollution for the case of factories.
Source: Khan Academy, https://www.khanacademy.org/economics-finance-domain/ap-microeconomics/ap-consumer-producer-surplus/externalities/v/negative-externalities This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.
Last modified: Wednesday, February 24, 2021, 4:00 PM