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In economyChapter market in action Explain two market mechanisms that are used for controlling pollutions as an externality?
Two market mechanisms used for controlling pollution as an externality are cap-and-trade systems and pollution taxes. Cap-and-trade involves setting a maximum allowable level of pollution, distributing emissions permits to firms, and allowing them to trade these permits in a market, incentivizing reductions in emissions. Pollution taxes impose a fee on emissions, encouraging firms to reduce their pollution output to minimize costs. Both mechanisms utilize market forces to internalize the environmental costs of pollution, promoting more sustainable practices.
Tradable pollution permit?
A tradable pollution permit system is a market-based approach to controlling pollution. It involves issuing a limited number of permits that allow companies to emit a specific amount of pollution. Companies can buy and sell permits, creating a financial incentive to reduce emissions and ensuring that pollution levels stay within specified limits.
What is Quality Of Performance That Requires Firms To Use Their Resourse Inputs At The Least Time Cost Effort?
The quality of performance that requires firms to use their resource inputs at the least time cost and effort is often referred to as operational efficiency. This involves optimizing processes, minimizing waste, and streamlining operations to achieve maximum output with minimal input. By focusing on efficiency, firms can enhance productivity, reduce costs, and improve overall competitiveness in the market. Ultimately, this leads to better resource allocation and improved profitability.
How does collusion improve the financial standing of firms?
Collusion can improve the financial standing of firms by allowing them to work together to manipulate prices, reduce competition, and increase profits. This can lead to higher revenues and market power for the colluding firms, ultimately boosting their financial performance.
Which companies can help with tax settlement?
Lawyers could be an option with tax settlement, especially ones that are experts in tax/financial matters. If you have already been charged and requires to pay off tax debt, there may also be firms that can reduce your debts via negotiations with your tax agency.
Why modern firms sponsor activities in the society?
The primary reason is advertising. Brands can be recognized by a mass audience.
Why do some firms price discriminate?
to reduce the quantity sold so as to reduce production costs. to take advantage of customers. to increase profits. to increase total economic surplus.
Who must take care of environment?
Most jurisdictions work on the polluter pays basis. This means the polluters insurers take the hit first hen the polluter covers the rest.However, at times the pollution is historic, the polluter has gone out of business or has no money, or the pollution event requires immediate attention. For these situations the government steps in and does the work and attempts to reclaim the cost later.
What are the names of some telecommunications consulting firms?
There are various telecommunications consulting firms that help companies look at their use of telecommunications and reduce the costs involved. The larger and more established companies include BBM, FTI and Fox Group.
How is social media impacting the firms individual and society?
Social media has a significant impact on firms and society. For firms, social media provides a platform for marketing, customer engagement, and brand building. It also allows for real-time feedback and data collection. However, it also poses challenges such as managing online reputation and dealing with negative feedback. In society, social media influences communication patterns, social interactions, and information dissemination. It can also contribute to issues like cyberbullying, misinformation, and privacy concerns.
When a merger of firms in a variety of different industries is called a?
When a merger of firms in a variety of different industries occurs, it is called a "conglomerate merger." This type of merger involves companies that operate in unrelated business sectors, allowing for diversification of products and markets. Conglomerate mergers can help firms reduce risk by spreading their investments across different industries.
When a company will reduce the number of projects they have to manage internally to only core projects and send noncritical projects to contractors and consulting firms this is called?
outsourcing
