Across
- 2. other mobile phone manufacturers compete with this technology giant, the creator of the iPhone
- 4. one possible solution to regulate negative externalities (best option when we can estimate the value of the externality)
- 7. the type of externality exemplified by increased air pollution near a factory using fossil fuels
- 8. the type of externality exemplified by a community garden bringing more green space to a community
- 10. the last name of the handsome man who coined the term "creative Destruction"
- 11. an individual who takes on the risk of attempting to create new products, establish new markets, or develop new methods of production
- 13. the last name of the cheery man who declared that negotiations over the allocation of resources can solve the problem of externalities
Down
- 1. instances when competitive markets fail to produce socially desirable outcomes
- 3. (abbreviated) this US agency used permits to deal with sulfur dioxide emissions
- 5. rewards of entrepreneurship or creating barriers to entry
- 6. state that sets a cap on greenhouse gas emissions each year but allows companies to buy/sell pollution credits
- 8. the type of good or service that cannot be privately-owned
- 9. a type of market failure where the actions of one person affect the well-being of someone else
- 12. first city (abbreviated) to approve congestion pricing in April of 2019