If There Are Both External Benefits and External Costs Associated

question 48

Multiple Choice

If there are both external benefits and external costs associated with the production and consumption of a good, and the external benefits are less than the external costs,

• A)​More than the efficient amount is being produced
• B)​Less than the efficient amount is being produced
• C)​the efficient amount is being produced
• D)​We do not know whether the efficient amount, or more or less, is being produced.

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Definitions:

Political Behavior

Actions by individuals or groups within an organization that are aimed at using power to influence or achieve a desired outcome.

Reward System

A structured plan designed to motivate and compensate individuals, often used in organizational settings to encourage desired behaviors or achievements.

Team Accomplishments

Achievements or successes achieved through the collaborative efforts of a group working together.

Individual Contributions

The unique skills, ideas, or efforts an individual brings to a team or project.