Which of the Following Is Not a Consideration When Attempting

question 46

Multiple Choice

Which of the following is not a consideration when attempting to eliminate a free rider problem or tragedy of the commons problem?

• A) The social costs must be realized by the individual.
• B) Something must be done to alter individuals' trade-offs.
• C) Market participants must internalize the value of the externality.
• D) Firms must be forced to provide the good or service at a price that is below profit maximizing price.

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Definitions:

Commitment

The state or quality of being dedicated to a cause, activity, or job; wholeheartedly engaged and loyal.

Project Manger

A professional responsible for planning, executing, and closing projects, ensuring they are completed on time, within budget, and to scope.

Legitimate Power

Authority that is recognized and accepted by others within an organizational structure.

Expert Power

The influence wielded by an individual or group due to their expertise, skills, or experience in a particular domain.