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If an externality is present in a market,economic efficiency may be enhanced by
Coordinating Mechanism
Methods or systems used within organizations to align activities, tasks, and personnel to achieve common objectives seamlessly and efficiently.
Coordinating Mechanism
Structures, processes, or systems used to align activities, efforts, and resources within an organization or among different entities towards achieving common goals.
Informal Communication
Informal communication refers to the exchange of information unofficially and without a structured format within an organization.
Work Procedures
are established methods and processes designed to guide the actions of individuals within an organization in their job tasks, ensuring consistency, efficiency, and quality of work.
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