Why Does an External Cost Lead to Inefficient Overproduction

question 260

Essay

Why does an external cost lead to inefficient overproduction?

---

Definitions:

Resolve the Dilemma

The process of finding a solution or course of action to resolve a difficult or complex situation.

Ethical Dilemma

A situation where a person is forced to choose between two morally correct values or principles that, unfortunately, cannot both be honored.

Nursing Ethics

The values and ethical principles that guide the decisions, actions, and behavior of nurses in their professional practice.

Moral Distress

The experience of psychological discomfort or anguish caused by moral dilemmas in professional practice, when one is unable to act according to personal or professional ethics.