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Year 12 Recap - Negative Externalities

Year 12 Recap - Negative Externalities

Next up on our Year 12 Recap are Negative Externalities.

 If you are in Year 12, it is essential that you are confident with the basic principles of externalities and how to graphically represent this on a demand and supply diagram. This is an important topic as exam questions center around markets that fail and how policymakers can correct a misallocation of resources.

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Year 12 Recap - Positive Externalities

Year 12 Recap - Positive Externalities

Next up on our Year 12 Recap are positive externalities.

 If you are in Year 12, it is essential that you are confident with the basic principles of externalities and how to graphically represent this on a demand and supply diagram. This is an important topic as exam questions centre around markets that fail and how policymakers can correct a misallocation of resources.

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