A Positive Externality

question 235

Multiple Choice

A positive externality

• A)is a benefit to the producer of the good.
• B)is a benefit to the consumer of the good.
• C)is a benefit to someone other than the producer and consumer of the good.
• D)results in an optimal level of output.

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Definitions:

In Writing

A contractual or legal requirement that stipulates information, agreements, or official statements must be documented in physical or electronic text form.

Limited Liability Partnership

A partnership where some or all partners have limited liabilities, protecting them from the debts of the partnership beyond their investment.

Negligently

Acting with a lack of care or concern for the consequences of one's actions that a reasonable person would have shown.

Liability

Legal responsibility for one's actions or omissions, which can result in an obligation to compensate any harm caused to others.