When a positive externality exists, benefit to third parties other than the buyers and sellers of a good will result from market exchange of the good.

Name: When a positive externality exists, benefit to third parties other than the buyers and sellers of a good will result from market exchange of the good.
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Question

Quizplus · Accepted Answer

A positive externality occurs when a transaction between a buyer and seller results in benefits to third parties not involved in the transaction, such as improved public health from vaccinations.

When a Positive Externality Exists, Benefit to Third Parties Other