Brilliant Manufacturing Is Building a New Factory

question 80

Multiple Choice

Brilliant Manufacturing is building a new factory.What kind of air pollution control technology must Brilliant install in its factory according to the Clean Air Act?

• A)The best available state-of-the-art technology
• B)Technology that its competitors in the industry are using
• C)The most cost-efficient technology
• D)Technology in line with the local air quality

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Definitions:

Price Discrimination

A pricing approach where a single provider charges different prices for essentially the same products or services in different markets.

Consumer Surplus

The variance between what consumers are ready and capable of paying for a product or service versus what they actually end up paying.

Airlines

Entities that deliver passenger and freight transportation via air.

Short Run

A period in which at least one factor of production is fixed and cannot be changed, influencing production and cost.