Question: Positional externalities occur when: Multiple choice question. the actions of one person negatively affect others because of geographic proximity. any improvement in one person's relative
Positional externalities occur when: Multiple choice question. the actions of one person negatively affect others because of geographic proximity. any improvement in one person's relative standing necessarily worsens the relative standing of others. resources are used until their marginal benefit is equal to zero
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
