When Correcting for an Externality, Command-And-Control Policies Are Always Preferable

question 17

True/False

When correcting for an externality, command-and-control policies are always preferable to market-based policies.

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Definitions:

Customer Orientation

A business approach that focuses on understanding and meeting the needs and expectations of customers.

Organizational Structure

The way in which a company or organization is arranged, including the roles, responsibilities, and communication channels between its members.

Internal Environment

The Internal Environment encompasses all the elements within an organization that influence its operations, including its employees, management, corporate culture, and internal processes.

Organizational Structure

The system of tasks, workflows, reporting relationships, and communication channels that link the diverse parts of an organization.