Multiple Choice
Alice keeps a bee farm next to an apple orchard. She chooses the optimal number of hives by selecting the honey output level that maximizes her profit. Alice's bees help to pollinate the blossoms in the apple orchard next to her, increasing the fruit yield. This situation is an example of
A) asymmetric information.
B) the nature of public goods.
C) an external cost.
D) an external benefit.
Correct Answer:
Verified
Correct Answer:
Verified
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