Externalities can be positive because

marginal damages do not last over time.

utility can be impacted positively as well as negatively.

there is no concept for marginal benefit.

positive externalities are subsidies.

1 answer

The correct reason that supports the notion that externalities can be positive is:

Utility can be impacted positively as well as negatively.

Positive externalities occur when an individual's or firm's actions benefit others without that benefit being reflected in market prices. For example, education and vaccinations can create positive externalities by enhancing the well-being of society beyond the individual receiving them.