A benefit of an activity received by people not participating in the activity is called a(n):
A)winner's curse.
B)positive externality.
C)external cost.
D)negative externality.

Name: A benefit of an activity received by people not participating in the activity is called a(n): A)winner's curse. B)positive externality. C)external cost. D)negative externality.
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Question

Quizplus · Accepted Answer

An external benefit, also called a positive externality, is a benefit of an activity received by people other than those who pursue the activity.

A Benefit of an Activity Received by People Not Participating