An external benefit is:
A) a benefit enjoyed by the buyer of a good.
B) the total benefit to society of a good being consumed.
C) the benefit that the buyer receives from consuming a good outside of a market.
D) a benefit accruing to bystanders.
Correct Answer:
Verified
Q41: (Figure: MSC and Supply Curves) Use the
Q42: (Figure: MSC and Supply Curves) Use the
Q43: (Figure: MSC and Supply Curves) Use the
Q44: The benefit enjoyed by a buyer as
Q45: The marginal private benefit is the:
A)extra benefit
Q47: A marginal external benefit is the:
A)extra benefit
Q48: The extra external benefit accruing to bystanders
Q49: Marginal social benefit is the term for:
A)the
Q50: All marginal benefits, no matter who gets
Q51: The marginal private benefit plus the marginal
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