In order to correct the problems associated with external costs. O standards must be established that make it illegal to pollute. O the prices of all goods must be raised so people will consume less of the world's resources. O the government must take over production of industries that are responsible for most of the pollution. O the signals given to the economy must change so that decision-makers will take into account all the costs of their actions.
In order to correct the problems associated with external costs. O standards must be established that make it illegal to pollute. O the prices of all goods must be raised so people will consume less of the world's resources. O the government must take over production of industries that are responsible for most of the pollution. O the signals given to the economy must change so that decision-makers will take into account all the costs of their actions.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter14: Quality And Environmental Cost Management
Section: Chapter Questions
Problem 28E: Environmental costs are those costs incurred because poor environmental quality exists or may exist....
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