External benefit generated by sale of marginal widget is, Ask an Expert

Economics

Q. Suppose that every time one of se widgets is purchased, widget spontaneously produces a spectacular fireworks display that is enjoyed by all of people in immediate neighbourhood. Each of se fireworks displays is estimated to provide thrills and excitement for onlookers (not including purchaser) that would otherwise cost $100 to provide. Thus external benefit generated by sale of marginal widget is $100, regardless of how many widgets are purchased.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9307782

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