For a Market to Work Efficiently

question 25

Multiple Choice

For a market to work efficiently

• A) the external costs must be paid.
• B) all external costs must be eliminated.
• C) all internal costs must be eliminated.
• D) the social costs must be equal to the internal costs.
• E) all pollution must be eliminated.

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Definitions:

Influence Methods

Various techniques or strategies employed to sway or alter another person's attitudes, beliefs, or actions.

Organizational Innovation

The process of implementing new ideas, workflows, methodologies, services, or products within an organization to improve efficiency and effectiveness.

Organizational Creativity

The capability of a company or organization to generate unique and novel ideas or solutions within its context.

Political Model

A framework for understanding organizational decision-making that emphasizes power, conflicting interests, and the use of negotiation and alliances to achieve objectives.