In the Presence of a Negative Externality

question 23

Multiple Choice

In the presence of a negative externality

• A)the market marginal benefit curve lies above the market supply curve
• B)a market will produce less than the efficient quantity
• C)the market price will be too high for an efficient solution to exist
• D)the marginal social cost curve lies above the market supply curve
• E)Pareto optimality is automatically guaranteed

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Definitions:

Management Function

Management function refers to the core activities performed by managers to achieve organizational goals, commonly segmented into planning, organizing, leading, and controlling.

Training Programs

Structured educational initiatives designed to enhance individuals' skills and knowledge for personal development or career advancement.

Multiculturalism

A policy or perspective that recognizes, appreciates, and promotes cultural diversity within a society or organization.

OB (Organizational Behavior)

The study of how people interact within groups in a work environment, its impact on organizational structure, culture, and output.