Question

Which of the following is a private benefit?​

Answer 1

Private benefit is the benefit derived by an individual or firm directly involved in a transaction as either buyer or seller. The private benefit to a consumer can be expressed at utility, and the private benefit to a firm is profit.

Answer 2

Answer:

Private benefit is the benefit derived by an individual or firm directly involved in a transaction as either buyer or seller. The private benefit to a consumer can be expressed at utility, and the private benefit to a firm is profit.