Economics

Student Videos

Free Goods

Level:
AS, A Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC, NCFE

In this short video, we revise the idea of free goods.

Free goods do not use up any factor inputs when supplied. Free goods have a zero-opportunity cost which means that the marginal cost of supplying an extra unit is zero.

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