A benefit that accrues to people other than the buyer of a good is known as ________ benefit
A) an internal
B) an external
C) a marginal
D) a total
E) a subsidized
B
Economics
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How does a pure public good differ from a club good? In your answer, give an example of each type of good
What will be an ideal response?
Economics
A natural monopoly exists when
A) the firm holds a patent. B) there are governmental entry restrictions. C) the firm owns all of the raw materials needed to produce the product. D) economies of scale occur.
Economics