There Are Two Plants in an Industry

question 189

Multiple Choice

There are two plants in an industry.To reduce pollution,the government has imposed environmental standards forcing each plant to cut emissions by 60%.At the emissions standard,the marginal social benefit of pollution for plant A is $500,and the marginal social benefit of pollution for plant B is $125.The same level of pollution can be achieved at a lower cost by:

• A)forcing plant A to reduce emissions and allowing plant B to increase emissions.
• B)allowing plant A to pollute more and requiring plant B to pollute less.
• C)forcing both plants to reduce emissions.
• D)allowing both plants to pollute more.

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Definitions:

Key Skill Sets

Essential abilities or competencies required to perform specific tasks or roles effectively in a work or personal context.

Management Development

The process of training and developing individuals in managerial roles to enhance their leadership skills and performance.

Transformational Leadership

A leadership style that inspires positive change in followers by creating a vision for the future, motivating, and improving the morale and performance of the team.

Transactional Leadership

A leadership style focused on the supervision, organization, and performance of a group or organization, often involving a system of rewards and penalties.