There Are External Benefits Associated with the Production of Batteries

question 183

Multiple Choice

There are external benefits associated with the production of batteries.Without government regulation, the market will:

• A)produce too many batteries.
• B)price batteries at less than the marginal social cost.
• C)price batteries at less than the marginal social benefit.
• D)price batteries at greater than the marginal cost.

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Definitions:

Transparency

The practice of openly sharing information, ensuring that organizational activities are visible and understandable to stakeholders.

Lucidity

The quality of being easily understood, completely intelligible, or comprehensible.

Taking Responsibility

The action of acknowledging and accepting the choices one has made, the actions one has taken, and the results thereof.

Accountable

Accountable means being responsible or answerable for actions or decisions, both in terms of the processes followed and the outcomes achieved.