An Example of a Positive Externality Is

question 84

Multiple Choice

An example of a positive externality is

• A)Increased factory use of private sector robotics that came from government research.
• B)Increased health problems from air pollution.
• C)Increased business profits at a hardware store that benefited from a tornado.
• D)None of the choices are correct.

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Definitions:

Expected Revenue

The projected amount of money a business anticipates receiving over a certain period, typically calculated by multiplying the expected sales volume by the price of goods or services.

Probability Distribution

A probability distribution describes how probabilities are distributed over the values of a random variable.

Reservation Price

The maximum or minimum price at which a person is willing to buy or sell a good or service.

English Auction

A bidding process where participants openly bid against each other, and the item is sold to the highest bidder.