Consider a Situation in Which a Utility Company Emits High

question 27

Multiple Choice

Consider a situation in which a utility company emits high levels of sulphur dioxide and the company is not liable for the damages its pollution causes.According to the Coase theorem, government action is ________ to achieve an ________ amount of pollution.

• A)necessary; equitable
• B)necessary; efficient
• C)not necessary; equitable
• D)not necessary; efficient

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Definitions:

Business Plan

A formal document detailing the goals, strategies, financial forecasts, and operational structure of a business.

Customer Segments

Customer Segments refer to the practice of dividing a company's target market into distinct groups of customers that share similar characteristics, to tailor marketing strategies and products to meet their specific needs.

Small Business Owner

An individual who owns and operates a company that is typically characterized by a small number of employees and relatively low volume of sales.

Business Plan

A formal written document that describes in detail how a business, usually a new one, is going to achieve its goals.