When Production of a Good Results in an External Cost,the

question 170

Multiple Choice

When production of a good results in an external cost,the unregulated competitive market equilibrium quantity is

• A) the efficient level of output.
• B) greater than the efficient level of output.
• C) not zero but is less than the efficient level of output.
• D) unattainable.
• E) zero.

---

Definitions:

Multicultural

Pertaining to, or representing several different cultures or cultural elements.

Diversity Training

A learning experience designed to bring about workplace harmony by teaching people how to get along better with diverse work associates.

Workplace Harmony

A state of cooperative and positive interaction among employees in an organization, leading to a productive and conflict-free work environment.

In-Group Collectivism

As a cultural value, the degree to which individuals express, and should express, pride, loyalty, and cohesiveness in their organizations and families.