If a Good Has an External Benefit, Efficiency Can Be

question 360

Multiple Choice

If a good has an external benefit, efficiency can be achieved by

• A) leaving the market unregulated.
• B) monopolizing the market.
• C) offering a private subsidy on the good equal to the external benefit.
• D) imposing a tax on the good equal to the external benefit.

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Definitions:

Organization's Goals

The objectives or targets that an organization aims to achieve, guiding its strategies and operations.

Empowered Employees

Represents workers who are given the authority, resources, and capability to take initiative and make decisions within their roles.

Creativity

The ability to produce original and valuable ideas or solve problems in novel ways.

Innovative Processes

Methods or procedures that introduce novel ideas, workflows, or solutions, often leading to improved productivity, efficiency, or products.