Governments often use taxation and/or regulation to compensate for or eliminate the social cost when the sale or consumption of products may benefit or harm other people who are not involved in the transaction and did not pay for the product. Which fundamental assumption of a market-driven society does this practice relate to?
A. self-interest
B. many buyers and sellers
C. presence of opportunity costs
D. complete information
E. absence of externalities
Answer: E
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In order to have effective board operations, firms need to cultivate engaged and committed boards.
Answer the following statement true (T) or false (F)
The U.S. government antitrust case against Microsoft was based upon alleged violations of both
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A. $74.89 B. $225.15 C. $152.66 D. $92.44