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An external benefit is: 1. a benefit enjoyed by the buyer of a good. 2. the total benefit to society of a good being consumed.
An external benefit is:
1. a benefit enjoyed by the buyer of a good.
2. the total benefit to society of a good being consumed.
3. the benefit that the buyer receives from consuming a good outside of a market.
4. a benefit accruing to bystanders.
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