For a Privately Owned Business in a Competitive Market Setting

question 111

Multiple Choice

For a privately owned business in a competitive market setting,

• A) reducing resource use while producing the same output adds to profit and typically reduces waste products and thus cuts pollution as well.
• B) when property rights are well-defined and strictly enforced, the firm will be able to pollute air and water without having to bear the cost of the damages imposed on others.
• C) wasteful use of resources results in more pollution but greater profit.
• D) reducing pollution almost never pays.

---

Definitions:

Respiratory Acidosis

A condition where there is an excess of carbon dioxide in the blood, leading to a lower pH level and causing the blood to become more acidic.

Arterial Blood Gas

Arterial blood gas is a blood test that measures the levels of oxygen and carbon dioxide in the blood from an artery, used to assess the effectiveness of a person's respiratory function.

Mechanical Ventilator

A device used to assist or control breathing by delivering air into the lungs.

Sputum Specimen

A sample of mucus and other materials expelled from the upper respiratory tract, collected for laboratory analysis.