Option (d), A good's external benefit is the gain from a transaction that benefits individuals who weren't involved in it.
<h3>What benefits outside of oneself does "good" have?</h3>
A benefit that people who are not market participants—buyers or sellers—receive is known as an external benefit. In other words, an advantage to onlookers is an external advantage.
A positive externality, often called a "external benefit," a "external economy," or a "beneficial externality," is the favorable effect that an activity has on an unrelated third party. It is comparable to a negative externality in that it can happen on either the production side or the consuming side.
<h3>What precisely are external externalities?</h3>
A producer generates a cost or benefit but does not personally incur it or get it. This is known as an externality. A good or service's production or consumption can have both positive and negative externalities, which can be both good and bad.
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