Externalities

question 81

Multiple Choice

Externalities:

• A)are one of the most common causes of market failure.
• B)are present in most markets.
• C)are present in all but perfectly competitive markets.
• D)can increase total surplus if it's positive.

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Definitions:

Organizationally Desired Emotions

The specific emotional states that an organization aims for its employees to exhibit, often to maintain a particular corporate image or working environment.

Regulate Relationships

The act of managing interactions and connections between individuals or groups to ensure positive outcomes.

Performance/Satisfaction Relationship

The correlation between an individual's job performance and their level of job satisfaction, indicating how one may affect the other.

Allocating Rewards

Allocating rewards involves distributing incentives or benefits to individuals or groups based on their performance, contribution, or needs.