What is a positive externality?(1 point) positive externalities occur when a service is available without cost. positive externalities occur when a service is available without cost. positive externalities occur whenever there is a private benefit to a good or service. positive externalities occur whenever there is a private 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 there is both a social benefit and private benefit from a good or service. positive externalities occur whenever there is a social benefit to a good or service.

A positive externality known as external advantage or beneficial externality is the nice impact an activity imposes on an unrelated third celebration. Government can encourage high quality externalities by using subsidizing goods and services that generate spillover blessings.

Positive externalities also result in inefficient marketplace effects. however, items that suffer from tremendous externalities offer more value to people in society than is taken into account by way of the ones offering the products. An instance of a tremendous externality can be seen within the case of college roommates sharing an off-campus apartment. even though a clean kitchen can be valued by means of all the people living inside the condo, the person that makes a decision to eventually wash the dishes and scrub the kitchen floor is not completely compensated for imparting price to all of the roommates. Such is the case with environmental best. due to the fact markets generally tend to undervalue items with positive externalities, market consequences offer a degree of environmental fine this is lower than is socially desirable.

Externalities are poor while the social prices outweigh the non-public costs. Some externalities are high quality. Advantageous externalities occur while there's a high quality benefit on both the non-public level and social degree. studies and development (R&D) performed via a agency may be a tremendous externality.

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