An External Benefit Is a Benefit That

question 8

Multiple Choice

An external benefit is a benefit that

• A) experiences increasing marginal returns.
• B) is greatest at the equilibrium point.
• C) always equals external cost.
• D) is enjoyed by someone other than the buyer of a good.

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Definitions:

Bankruptcy Trustee

An individual or corporation appointed in a bankruptcy case to represent the interests of the bankruptcy estate and the creditors.

Debtor's Property

refers to all tangible or intangible assets owned by an individual or entity who owes money to another party.

Fraudulent Transfers

Transactions made with the intention of evading creditors by moving assets out of their reach.

Bankruptcy Trustee

An individual appointed by a bankruptcy court to oversee and administer a debtor's estate during the bankruptcy process.