A Positive Externality Is an External Benefit That Accrues to the Buyers

question 17

True/False

A positive externality is an external benefit that accrues to the buyers in a market while a negative externality is an external cost that accrues to the sellers in a market.

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Definitions:

Lifestyle

A way of living that reflects the attitudes, values, and behaviors of an individual or group, often used in marketing to segment and target consumers.

Pipeline

In sales, a visual representation of where prospects are in the sales process, from initial contact to final sale; in business, the supply chain process.

Types Of Products

Different categories or classes of goods and services offered by businesses to consumers or other businesses.

Rail Transportation

The conveyance of passengers and goods by way of wheeled vehicles running on rail tracks, distinguished from other means of transport such as by automobile, bus, or airplane.