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Hamza Bello
on Oct 26, 2024

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A plastics manufacturing plant dumps pollution into the Big River.This pollution leads to higher costs and disruption for fishermen on the river,for which they are not compensated.In this situation:

A) too few of society's resources are being used to produce plastic.
B) too many of society's resources are being used to produce plastic.
C) the ideal amount of society's resources are being used to produce plastic.
D) there is an external benefit to society from plastic production.

External Benefit

An uncompensated benefit that an individual or firm confers on others; also known as positive externality.

Higher Costs

Expenses that exceed the usual or expected amount, which can negatively impact profitability and pricing strategies.

Plastics Manufacturing

The industrial process of producing polymers and polymer-based items, used in various applications from packaging to automotive parts.

  • Assess the effects of human activity on the environment.
  • Predict the consequences of external costs on market efficiency.
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Cassy ReddenOct 29, 2024
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