Which of the following occurs when an economic activity has a spillover benefit on third parties not engaged in the activity?
A) A negative externality
B) A positive externality
C) A gain in producer surplus
D) A gain in consumer surplus
Correct Answer:
Verified
Q23: The following figure shows the market supply
Q24: The following figure shows the market supply
Q25: The drainage of chemical fertilizers used on
Q26: Why does the presence of negative externalities
Q27: The following figure shows the market supply
Q29: Which of the following occurs if the
Q30: The marginal social cost of producing the
Q31: A positive externality _.
A) gives rise to
Q32: When does the marginal social cost of
Q33: Which of the following is likely to
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