The effect that an additional user of a good or participant in an activity has on the value of that good or activity for others is called:
A) network externality.
B) social externality.
C) negative externality.
D) private externality.
Correct Answer:
Verified
Q10: Private benefits are those benefits that accrue:
A)
Q11: External costs and external benefits are collectively
Q11: If people took external costs like pollution
Q12: External benefits are those that accrue:
A) directly
Q14: We call costs that fall directly on
Q16: A network externality is:
A) a direct effect
Q17: Markets fail to maximize total surplus when:
A)
Q18: External costs are those costs:
A) that fall
Q19: An example of a good that creates
Q20: A positive externality is:
A) an external benefit.
B)
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