Suppose a Competitive Industry Generates Some Sort of Pollution While

question 10

Multiple Choice

Suppose a competitive industry generates some sort of pollution while producing its output.In order to internalize the externality,the government may:

• A)impose a tax equal to the marginal external cost of pollution.
• B)offer a subsidy equal to the marginal external benefit derived from the consumption of the good.
• C)impose a quota that reduces output to the point where private marginal costs of production equal marginal revenue.
• D)impose a price floor on the good produced by the industry.

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Definitions:

Work Schedules

The planned hours and days that employees are expected to work, often detailing start and end times for shifts.

Tactical Planning

The process of taking strategic goals and devising specific, short-term actions and plans to achieve them.

Company-wide Strategies

Strategic plans or initiatives that are implemented across all departments and levels within a company.

Current Activities

Ongoing operations or tasks within a business or organization that are critical for its day-to-day functioning and success.