When a Negative Externality Is Present

question 6

Multiple Choice

When a negative externality is present

• A)the market price is too low.
• B)the market price is too high.
• C)the market price is at equilibrium.
• D)none of these choices.

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Definitions:

Mechanistic Organization

Refers to a highly structured, formal organization with centralized authority and a clear chain of command designed for efficiency and predictability.

Centralization

The concentration of decision-making and authority in a central location or among a small group of people within an organization.

Job Responsibilities

Specific duties, tasks, and roles associated with a particular job that an employee is expected to perform.

Predictable Ways

Actions or patterns of behavior that can be expected based on previous occurrences or established norms.