If There Is Pollution in Producing a Product, Then the Market

question 232

Multiple Choice

If there is pollution in producing a product, then the market equilibrium price

• A)is too high and equilibrium quantity is too low.
• B)and equilibrium quantity are too low.
• C)and equilibrium quantity are too high.
• D)is too low and equilibrium quantity is too high.

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Definitions:

Attainment Of Goals

The achievement or accomplishment of specific objectives that have been set.

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting beliefs, values, or attitudes.

Groupthink

A phenomenon where the desire for harmony in a decision-making group overrides a realistic appraisal of alternatives, often leading to poor decisions.

Conformity

involves aligning one's attitudes, beliefs, behaviors, and norms to those of a group or society.