In Figure 28.1,if the externality is internalized,the rate of output will be
Definitions:
99.9997%
A statistical figure often associated with the Six Sigma quality control methodology, indicating a defect-free rate in a process.
Incremental Change
signifies a gradual, step-by-step approach to change, emphasizing evolutionary rather than revolutionary shifts.
Discontinuous Change
A significant, sudden, or radical transformation that disrupts the existing order or manner of functioning within a system or organization.
Strategic Change
A systematic approach to transforming an organization's goals, processes, or technologies to address evolving external and internal forces and improve its performance and competitiveness.
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