What is the difference between a positive externality and a negative externality?
A) Whether bystanders have a direct or inverse relationship to the decision maker.
B) Whether the price rises or falls.
C) Whether the perspective is the buyer's or the seller's.
D) Whether the welfare of bystanders rises or falls.
Correct Answer:
Verified
Q13: A price change will NOT cause:
A)a change
Q14: Why is a price change NOT an
Q15: Which of the following statements supports the
Q16: Which of the following describes a situation
Q17: Which of the following is a positive
Q19: Your personal best interest is based on
Q20: When your actions affect bystanders, then your
Q21: Marginal private cost is the:
A)the marginal cost
Q22: The cost paid by the seller in
Q23: A cost imposed on bystanders is _
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