One of the reasons why firms pollute air and water is that
a. air and water are often not priced.
b. managers desire to pollute.
c. air and water have no value to society.
d. managers are profit maximizers.
a
Economics
You might also like to view...
The above figure shows the payoff matrix for two firms, A and B, choosing to produce a basic computer or an advanced computer. Which of the following is a Nash equilibrium?
A) Firm A produces an advanced computer, and firm B produces a basic computer. B) Both firms produce advanced computers. C) Both firms produce basic computers. D) None of the above.
Economics
Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number of people in the civilian labor force is:
a. 30. b. 60. c. 85. d. 90. e. 70.
Economics