Market Structures and Firm Behavior · Microeconomics
Market Failures and Externalities
Analyzing situations where the market fails to allocate resources efficiently, such as pollution.
Key Questions
- 1Who benefits and who bears the costs when a factory pollutes a river?
- 2How can government policy internalize a negative externality?
- 3Why are public goods under-produced by the private sector?
Ontario Curriculum Expectations
ON: The Role of Government in the Economy - Grade 12ON: Market Models and Economic Structures - Grade 12
Grade: Grade 12
Subject: Economics
Unit: Market Structures and Firm Behavior
Period: Microeconomics
Suggested Methodologies
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