Question

What is a positive externality?(1 point)
Responses

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.
Positive externalities occur whenever there is a social benefit to a good or service.

Positive externalities occur when a service is available without cost.

Answer 1

Positive externalities occur whenever there is a social benefit to a good or service.

Explanation: a positive externality exists when consumption or production provides benefits to third parties (so the social benefit exceeds the private benefit).