What Prevents the Market System from Achieving a Clean Environment

question 15

Multiple Choice

What prevents the market system from achieving a clean environment on its own?

• A)Externalities.
• B)Inefficiently managed business.
• C)Remainders.
• D)SIPs.

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Definitions:

Relevant Range

The range of activity within which the assumptions about variable and fixed cost behavior hold true for a given business.

Management Decision-making

This involves the processes and strategies managers use to make choices that direct the organization towards its goals.

Insurance Premiums

The amount of money an individual or business pays for an insurance policy.

Break-even Point

The financial analysis point at which total costs and total revenues are equal, yielding no net loss or gain.