Use the Figure Below to Answer the Following Questions

question 12

Multiple Choice

Use the figure below to answer the following questions.

Figure 16.2.3
-Refer to Figure 16.2.3. In this market there is a marginal external

• A)cost of $14 a tonne.
• B)cost of $12 a tonne.
• C)cost of $2 a tonne.
• D)benefit of $2 a tonne.
• E)benefit of $12 a tonne.

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Definitions:

Market Conditions

The characteristics and influences that affect the supply and demand for products and services in a particular market.

Successful

Describes achieving set goals or objectives through effective planning, execution, and evaluation, often associated with positive outcomes or profitability in a business context.

Create Value

The process of enhancing or increasing the worth of a product, service, or activity, often leading to a competitive advantage.

Exchange Relationships

Interactions between two or more parties in which goods, services, or ideas are exchanged, usually in a market context.