Which of the Following Is True About Command-And-Control Regulation That

question 12

Multiple Choice

Which of the following is true about command-and-control regulation that allows businesses to emit pollutants up to a certain point and bans emissions after that limit is reached?

• A)They are equivalent to emissions charges.
• B)They make firms pay the marginal cost of the damages done by their emissions, no matter what the level.
• C)They allow firms to emit some pollutants at zero charge.
• D)They are likely to minimize the cost of achieving any given reduction in emissions.

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Definitions:

Critical Industrial Relations

An analytical approach to industrial relations, emphasizing the power dynamics and conflicts between employers and employees, and advocating for transformative changes.

Conflict Over Profits

Disagreements among stakeholders (such as employees, management, and investors) regarding the distribution of an organization's earnings.

Employers And Employees

The relationship between individuals who hire and pay for services (employers) and those who provide labor or services in exchange for compensation (employees).

Market Imperfections

occur when the conditions for perfect competition are not met, leading to inefficiencies in the allocation of resources.