Example of Negative Externality: Bunker Hill Company Lead Poisoning in Idaho
In 1974, the Bunker Hill Company's large lead, silver, and zinc smelter in Kellogg, Idaho, served as the town's sole major employer for 2,300 people. The facility's operations produced a severe negative externality when local children began showing flu-like symptoms. Medical investigation revealed these symptoms were due to high blood lead levels, which posed a significant risk of impairing their cognitive and social development. This health crisis represented a substantial external cost borne by the community, not by the company.
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Ch.10 Market successes and failures: The societal effects of private decisions - The Economy 2.0 Microeconomics @ CORE Econ
The Economy 2.0 Microeconomics @ CORE Econ
Introduction to Microeconomics Course
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Example of Negative Externality: Bunker Hill Company Lead Poisoning in Idaho
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