Published on March 10, 2014
Gum: A Negative Externality: Gum: A Negative Externality Stepping on gum : Stepping on gum Sitting on Gum: Sitting on Gum Shout out to Maggie Borngesser . Thanks for letting me know that I sat in gum. Gum in Hair: Gum in Hair PowerPoint Presentation: Blowing Bubbles PowerPoint Presentation: This is obnoxious PowerPoint Presentation: Smacking Hard PowerPoint Presentation: Gum on the street is not free candy. The Government incites a tax to fix the market failure of too much gum: The Government incites a tax to fix the market failure of too much gum Graph 1 Graph 2 The black triangle on graph 2 represents the deadweight loss. After the tax was placed on gum, both consumer and producer surplus shrank.