A benefit that accrues to people other than the buyers of a good is known as ________ benefit.
A) an external
B) a subsidised
C) a total
D) an internal
E) a marginal

Question

Quizplus · Accepted Answer

An external benefit is a benefit that accrues to people other than the buyers of a good. This can include benefits to society as a whole, such as increased public health or reduced pollution.

A Benefit That Accrues to People Other Than the Buyers