An external benefit is the benefit experienced by people who
A) do not decide how much of the good to produce or consume.
B) did not know why they are experiencing the benefit.
C) decide how much of the good to produce or consume.
D) consume the good.

Question

Quizplus · Accepted Answer

External benefits are benefits that are enjoyed by individuals who did not pay for them or did not make the decision to produce or consume the good. Therefore, option A correctly identifies that external benefits are experienced by people who do not decide how much of the good to produce or consume.

An External Benefit Is the Benefit Experienced by People Who