The Best Definition of "Externalities" Is

question 188

Multiple Choice

The best definition of "externalities" is

• A) the cost associated with consumption of one more unit.
• B) accurate information.
• C) the economic effects of individual actions on third parties.
• D) the right to own private property.

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Definitions:

Maquiladora

A factory in Mexico run by a foreign company that exports its products to the country of that company, taking advantage of lower labor costs.

Competitive Environment

The dynamic external system in which businesses compete for resources, customers, and market share.

Job Scheduling

The process of allocating resources to tasks over time, aiming to optimize performance measures such as minimizing completion time or maximizing utilization.

Strategy Change

The process of modifying the strategic direction of an organization, including changes in products, services, audience, or business model, to adapt to internal or external conditions.