Estragon affectionately Gogo ; he tells Pozzo his name is Adam is one of the two main characters from Samuel Beckett 's Waiting for Godot. His name is the French word for tarragon. Estragon represents the impulsive, simplistic side of the two main characters , much in contrast to his companion Vladimir 's careful intellectualism and verbosity. He cares little for appearances, and is mostly concerned with eating and sleeping much to Vladimir's chagrin. Due to his pessimistic outlook on life, he has abandoned all hope of any alleviation from their suffering, and regards "Godot" suspiciously.
The red triangle is the area of deadweight welfare loss. This occurs when consuming a good causes a harmful effect to a third party. In this case, the social benefit is less than the private benefit. If goods or services have negative externalities, then we will get market failure. This is because individuals fail to take into account the costs to other people. To achieve a more socially efficient outcome, the government could try to tax the good with negative externalities. This means that consumers pay close to the full social cost.
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Last Updated: March 2, References. This article was co-authored by Jake Adams. With over 11 years of professional tutoring experience, Jake is also the CEO of Simplifi EDU, an online tutoring service aimed at providing clients with access to a network of excellent California-based tutors. There are 19 references cited in this article, which can be found at the bottom of the page.