Question: A firm does research and development which can also be applied in the manufacturing processes of other firms. This is an example of a

A firm does research and development which can also be applied in the manufacturing processes of other firms.

This is an example of a ………… .

A. negative production externality

B. positive production externality

C. negative consumption externality

D. positive consumption externality

Step by Step Solution

3.46 Rating (149 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

This question is exploring the concept of externalities in economics Explanation 1 Definition of Ext... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!