Suppose that person A and B in a microeconomics class decide…
Suppose that person A and B in a microeconomics class decide to organize study sessions after class, sharing insights and helping their classmates understand the material better. This activity has costs and benefits for the group (private costs and benefits). However, their behavior indirectly benefits the rest of the class by improving the overall learning environment, termed an external benefit. This group (i.e., person A and B) is creating a ____________ for their other classmates.