Scenario 11-3 Consider the Following Goods

question 70

Essay

Scenario 11-3
Consider the following goods:
• a fish fillet served at a restaurant
• fish in the ocean
• exotic fish in a huge aquarium in a privately-owned building
-Refer to Scenario 11-3. Do any of these goods cause an externality? If so, which one(s)? Positive or negative? Briefly explain.

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Definitions:

Shareholders

People or organizations that hold stock in a corporation, thereby making them co-owners of the business.

Corporate Social Responsibility

Corporate Social Responsibility (CSR) is a business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Charitable Donations

Financial or material contributions given to support organizations or individuals for philanthropic purposes without expecting return.

Ethical Dilemma

Situations that present a choice between options that are or seem equally unacceptable or unfavorable on ethical grounds.