Which of the following is an example of the relationship between technology and positive externalities? A. New engineering technologies allowed for better public goods. B. Government investments in technology do not produce significant results. C. The invention of electricity allowed many other industries to develop.
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Positive externalities occur when a product or service's benefits extend beyond the individual consumer to society at large. These benefits are not reflected in the market price and often lead to a greater overall societal benefit. Show more…
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