When a Firm Creates Negative Externalities by Polluting, in Order

question 87

Multiple Choice

When a firm creates negative externalities by polluting, in order to achieve the socially efficient outcome:

• A)​the firm's production should be prohibited.
• B)​the firm's production should be increased and the price of its output should be decreased.
• C)​the firm's production should be increased and the price of its output should be increased.
• D)​the firm's production should be reduced and the price of its output should be increased.

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Definitions:

360-degree Feedback

A comprehensive appraisal method that gathers feedback on an employee from their supervisors, peers, subordinates, and sometimes clients.

Supervisory Appraisals

Performance appraisals conducted by a supervisor to assess an employee's work performance and provide feedback.

Compensation Officer

A human resources professional responsible for managing an organization’s compensation programs, ensuring competitive and equitable pay practices.

Administrative

Pertaining to the organization, management, or execution of office tasks, policies, or procedures within a business or institution.