Edexcel AS Economics A 8EC0 · 1.3.2c

Diagram of external costs of production

Code: 1.3.2c
In: 1.3.2 Externalities
Topic: 1 Introduction to markets and market failure
Course: AS Economics A 8EC0
Board: Edexcel

Codes and titles are read by a script from Edexcel's published specification and have not been checked by a person. What each point covers is in the specification itself: Edexcel’s specification.

Points in 1.3.2 Externalities

1.3.2a Distinction between private costs, external costs and social costs
1.3.2b Distinction between private benefits, external benefits and social benefits
1.3.2c Diagram of external costs of production
1.3.2d Diagram of external benefits of consumption
1.3.2e Impact of externalities and intervention