Who Is Affected When a Positive Externality Becomes Internalized in a Market

question 44

Multiple Choice

Who is affected when a positive externality becomes internalized in a market?

• A)Producers
• B)Consumers
• C)Those affected by the externality
• D)All of these groups would be affected.

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Definitions:

Car Dealership

A business that sells new or used cars at the retail level, based on a dealership contract with an automaker.

Ownership Utility

The value or satisfaction an individual gains from having control over a product or item and the ability to use it as desired.

Salesperson

An individual employed to represent a company and its products or services, aiming to sell and promote them to customers.

Place

Place, in marketing terms, refers to distribution channels or locations where products or services are made available to customers.