Examlex
The diagram below shows the marginal cost of pollution abatement for two firms,Firm X and Firm Y.
FIGURE 17- 4
-Refer to Figure 17- 4.Ignore the horizontal line at t.The optimal amount of pollution abatement for these two firms together is
External Environment
The external environment of an organization includes all outside factors and forces that affect its operations, ranging from economic, socio-cultural, legal, technological, to political conditions.
Environmental Uncertainty
The extent to which an organization lacks information or control over the elements of its environment, affecting decision-making and strategy.
Opportunities
Chances or situations that can lead to the advancement or progress in a person's career, business, or other aspects of life.
Dynamic Environment
An ever-changing and evolving setting or situation, often used to describe rapidly changing business or technological landscapes.
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