Positive Externalities Include Benefits Received the Seller but Not Benefits

question 172

True/False

Positive externalities include benefits received the seller but not benefits received by the buyer.

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Definitions:

Marginal Social Benefit

The additional benefit to society that results from producing one more unit of a good or service.

Street Cleanings

The process of removing dirt, litter, and other debris from roads and public places to maintain cleanliness and safety.

Increases

A situation or condition where there is a rise in a numerical value or quantity.

Efficient Quantities

The levels of production or consumption that optimize the use of resources and maximize value creation or utility.