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According to Pigou, the best way to deal with a negative externality is to
Flattening Hierarchy
The process of reducing levels of management or structure in an organization to improve communication, decision-making speed, and employee involvement.
Self-Directed Work Teams
Groups of employees who manage their workload and tasks without direct supervision, often responsible for planning, execution, and monitoring.
Matrix Level
Refers to the arrangement or level of an individual within a matrix organization, which combines functional and divisional structures for more flexibility and collaboration.
Two Bosses
A situation in a matrix organization where an employee is answerable to two supervisors, each with their own set of expectations and tasks.
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