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Question
the role of government in the economy quick check
what is a positive externality? (1 point)
positive externalities occur whenever there is a private benefit to a good or service.
positive externalities occur whenever there is a social benefit to a good or service.
positive externalities occur when there is both a social benefit and private benefit from a good or service.
positive externalities occur when a service is available without cost.
Positive externalities are when the consumption or production of a good or service benefits not only the private entity involved but also society at large. So, it requires both a social benefit and a private benefit.
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Positive externalities occur when there is both a social benefit and private benefit from a good or service.