When the Benefits of Producing a Good or Service Spill

question 28

Multiple Choice

When the benefits of producing a good or service spill over to other people, rather than just the buyer, the spillover is referred to as

• A) a marginal cost.
• B) a Coasian good.
• C) an external benefit.
• D) an equilibrium social output.
• E) an external cost.

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Definitions:

Willingness

The quality or state of being prepared to do something; readiness.

Rough-And-Tumble Play

Vigorous play that involves physical activities like running, chasing, and play-fighting, important for social and physical development.

United States

A country in North America consisting of 50 states and a federal district, known for its diverse geography and cultural influence globally.

Parallel Play

A developmental stage where children play next to each other but do not interact or play together, often seen in toddlers.