A positive externality is a(n):
A)external benefit.
B)external cost that affects the buyer.
C)external cost that affects the seller.
D)benefit that affects the buyer, but not the seller.

Question

Quizplus · Accepted Answer

A positive externality refers to a benefit that affects someone who did not choose to incur that benefit, often referred to as an external benefit. This is most commonly associated with certain goods or services that provide broader societal benefits beyond the direct consumer, such as vaccinations or education.

A Positive Externality Is A(n)