When Products That Create Positive Externalities Are Produced, at the Market

question 24

True/False

When products that create positive externalities are produced, at the market equilibrium output, the social benefit generated by consuming the product exceeds the private benefit.

---

Definitions:

Peer-to-peer Processing

A decentralized computing model that allows individual devices in a network to act both as suppliers and consumers of resources.

TCP/IP

Transmission Control Protocol/Internet Protocol (TCP/IP) is the fundamental suite of protocols used for transmitting data across the internet, ensuring reliable communication and data integrity.

Disassembling

The process of taking apart an object or system into its component pieces, often for analysis, cleaning, or repair.

TCP/IP

Stands for Transmission Control Protocol/Internet Protocol, the foundational protocols in the suite of Internet protocols that dictate how digital data is transmitted over networks.