The benefit the consumer of a good or service receives is the
A) social benefit.
B) external benefit.
C) private benefit.
D) public benefit.
E) consumption benefit.

Question

Quizplus · Accepted Answer

The private benefit is the benefit received by an individual consumer from consuming a good or service. It is called private because it is specific to the individual and is not shared with others.

The Benefit the Consumer of a Good or Service Receives