When some fraction of the benefit of an activity is received by people not participating in the activity,it is called a(n):
A)winner's curse.
B)positive externality.
C)external cost.
D)efficient allocation.

Question

Quizplus · Accepted Answer

An external benefit,also called a positive externality,is a benefit of an activity that is felt by people other than those who pursue the activity.

When Some Fraction of the Benefit of an Activity Is