Cobi Smith edited Lecture_7_Externalities_this_is__.md  almost 9 years ago

Commit id: 63611c3a8c97a66f8e51a88337d33f5004c2f47a

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Unregulated equilibrium in the electricity market (note that private cost ultimately comes back to people's valuations of eg. work time)  Google suggests this version of the same graph as was shared in the lecture  https://marketmonetarist.files.wordpress.com/2013/02/minimum-wage.png  Can any bright sparks draw the dots? Sorry make the connections, or something in between...