When people decorate the exteriors of their homes with colored lights, they create ________ for the motorists who pass by.
A) an external benefit
B) a competitive good
C) a public good
D) an excludable good
Correct Answer:
Verified
Q7: A private cost is a cost of
Q8: A private cost is a cost of
Q9: Air pollution caused by lead
A) has never
Q10: Beautification of the national highways through the
Q11: An example of an externality occurs when
Q13: The external benefit of a good
A) equals
Q14: An externality occurs when
A) the costs of
Q15: Which of the following is an example
Q16: A cost that arises from the production
Q17: An externality can be a
A) cost or
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