Which of the Following Statements Is (Are) TRUE

question 87

Multiple Choice

Which of the following statements is (are) TRUE?
I. A quota can be used to address negative externalities only, not positive externalities.
II. Implementing pollution quotas is difficult because quotas must be implemented on a firm-by-firm basis.
III. The government could produce the good itself as a method of increasing the quantity of a good with a positive externality.

• A) II
• B) I and III
• C) I, II, and III
• D) II and III

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Definitions:

Formal Hierarchy

An organizational structure where roles and responsibilities are clearly defined, ranked, and allow for direct lines of authority and command.

Distributed Leadership

describes a leadership approach where control and decision-making are spread among group members rather than centralized in a single leader.

Team Members

Individuals who are part of a group collaborating towards a common goal, each contributing with their unique skills and abilities.

Team Paradox

The complex and often contradictory challenges that teams face, requiring the balancing of diverse opinions, goals, and personalities for success.