Which of the following statements describes the occurance of a positive external

Question

Which of the following statements describes the occurance of a positive externality resulting from the production of a good by a new technology?

A. When pollution is produced during the development of the new technology

B. When income is received by the developer for selling the good made by the new technology

C. When people who neither paid for developing the technology nor the good produced by the new technology are better off from the advancement

D. When the company that pays for developing new technology benefits from the advancement in its production of other goods

E. When the customer resells the good to his neighbor

Explanation / Answer

C. When people who neither paid for developing the technology nor the good produced by the new technology are better off from the advancement

D. When the company that pays for developing new technology benefits from the advancement in its production of other goods

these two statements describes the occurance of a positive externality resulting from the production of a good by a new technology

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