Benefits to a third party as a result of the actions of consumers
What is positive externality of consumption?
Benefits to a third party as a result of the actions of the consumers
In positive externality of consumption there is a potential welfare gain of consuming education
In a positive externality of consumption diagram the demand curve shifts to the right
Where does the demand curve shift to in the positive externality of consumption diagram shift?
shifts to the right
Welfare gain can be defined as a situation where the social cost is lower than the private cost and society benefits as it does not have to pay for the difference
In the positive externality diagram of consumption msb is greater than mpb
