Asked by
Abigail Deleon
on Nov 25, 2024Verified
External benefits in consumption refer to benefits accruing to
A) those who are selling the product to the consumers.
B) those who bought and consumed the product.
C) those other than the ones who consumed the product.
D) those who are consuming the product abroad.
External Benefits
Advantages that result from a product or service's use that affect someone other than the direct consumer or producer, often justifying government intervention.
Consumption
The process by which goods and services are used by households and individuals, leading to a decrease in their availability.
- Identify the impact of externalities on market efficiency and the corresponding government interventions.
Verified Answer
ND
Learning Objectives
- Identify the impact of externalities on market efficiency and the corresponding government interventions.
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