The Marginal Cost Curve of Pollution Abatement

question 127

Multiple Choice

The marginal cost curve of pollution abatement

• A) slopes upward because of the law of diminishing product.
• B) slopes upward because firms will maximize profits.
• C) slopes downward because of the law of diminishing marginal utility.
• D) slopes downward because of the law of diminishing returns.

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Definitions:

Decentralized

The distribution of functions, powers, or people away from a central location or authority, often applied in contexts such as government, technology, and organizational structures.

Organizational Structure

Describes the system of task, workflow, reporting, and authority relationships within a company; it determines how the roles, power, and responsibilities are assigned, controlled, and coordinated, and how information flows between the various levels of an organization.

Power To Make Decisions

The authority or capacity to determine actions or policies within an organization or personal scope.

Divisional

Pertains to a structural strategy in organizations where operations are divided based on distinct products, services, markets, or geographical locations.