While Managers at ABC Manufacturing Were Conducting a SWOT Analysis

question 82

Multiple Choice

While managers at ABC Manufacturing were conducting a SWOT analysis, they concluded that their product line is obsolete and narrow. Their product line would be categorized as a(n) ________.

• A) strength
• B) weakness
• C) opportunity
• D) threat

Recognize the importance of the optimal tax level and its impact on correcting market inefficiencies.

Understand the concept of externalities and how they affect social costs and benefits.

Calculate the social cost of producing goods in the presence of external costs.

Evaluate the effects of externalities on the efficiency of the market outcomes.