Figure 9.3

question 60

Multiple Choice

Figure 9.3:
-In Figure 9.3,if the rate of output is 320 units:

• A) Social costs equal private costs.
• B) Social costs exceed private costs.
• C) Private costs exceed social costs.
• D) External costs equal private costs.

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Definitions:

Majority Shareholder

An individual or entity that owns more than fifty percent of a company's shares, giving them significant control over the company.

Minority Shareholders

Owners of a smaller portion of a company's shares, who have limited control or power over corporate decisions compared to majority shareholders.

Self-Dealing

An unethical business practice where an individual takes advantage of their position in a transaction for personal benefit, often at the expense of the interests of others.

Corporate Records

Documents and ledgers that are required to be maintained by a corporation, detailing its operations, financial status, and legal obligations.