Figure 16-2
-Refer to Scenario 16-2.As a result of the new Ike's Ice Cream parlor,consumers living in and visiting Mayville are likely to experience a

Question

Figure 16-2 
-Refer to Scenario 16-2.As a result of the new Ike's Ice Cream parlor,consumers living in and visiting Mayville are likely to experience a

Quizplus · Accepted Answer

The new Ike's Ice Cream parlor is likely to result in a product-variety externality, as it will increase the variety of ice cream options available to consumers in Mayville. This externality is likely to benefit consumers by giving them more choices.

Figure 16-2 -Refer to Scenario 16-2.As a Result of the New Ike's