A positive externality is:
A. an external cost that affects the buyer.
B. a benefit that affects the buyer, not the seller.
C. an external cost that affects the seller.
D. an external benefit.
Answer: D
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New smartphone applications are developed to help consumers find the cheapest prices in the neighborhood. Therefore,
A) the local competitive will become more intensive. B) the prices of goods listed in the application will be lowered. C) price discrimination will occur against consumers without a smartphone or this application. D) All of the above.
Consolidation activity in the hospital industry
a. has slowed due to government regulations. b. has created a large number of nationwide for-profit hospital chains. c. has occurred almost exclusively at the local level. d. occurs for same reasons that cause consolidation in other industries.