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What are positive externalities?What is a free rider? What is intellectual property?What is a nonexcludable person? What is a nonrivalrous person?What are private benefits?What are

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What are positive externalities?What is a free rider? What is intellectual property?What is a nonexcludable person? What is a nonrivalrous person?What are private benefits?What are private rates of return?What is the social rate of return?Do market demand curves reflect positive externalities? Why or why not?

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1. What are positive externalities? 2. What is a free rider? 3. What is intellectual property? 4. What is a nonexcludable person? 5. What is a nonrivalrous person? 6. What are private benefits? 7. What are private rates of return? 8. What is the social rate of return? 9. Do market demand curves reflect positive externalities? Why or why not? (2 points)

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