A Positive Externality or External Benefit Occurs When

question 48

Multiple Choice

A positive externality or external benefit occurs when:

• A)product differentiation increases the variety of products available to consumers.
• B)the benefits associated with a product exceed those accruing to people who consume it.
• C)a firm produces at the P = MC output.
• D)economic profits are zero in the long run.

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Definitions:

STIs

Sexually Transmitted Infections; diseases that are primarily spread through sexual contact, including viruses and bacteria such as HIV, herpes, and chlamydia.

Support Group

A gathering of individuals sharing common experiences or challenges, providing mutual support and encouragement.

Labia Minora

The inner folds of skin situated on either side of the vaginal opening, part of the female genitalia.

Clitoris

A small, sensitive part of the female genitals, involved in sexual pleasure.