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Once a Firm Is Forced to Consider an External Cost,the

question 21

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Once a firm is forced to consider an external cost,the price of its product will ________ and output will ________.


Definitions:

Supportive Leader

A leader who shows concern for followers' well-being and nurtures a positive, encouraging work environment.

Coaching Leader

A leadership style where the leader focuses on developing employees' skills, ensuring growth and performance improvement through guidance rather than direct control.

Delegating Leader

A leadership style characterized by the assignment of tasks and responsibilities to team members, empowering them to make decisions within their roles.

Situational Approach

A leadership model that suggests the effectiveness of a leadership style is contingent upon the context or situation.

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