Answer:
D. reduce economic efficiency; deadweight loss
Explanation:
Market failures are produced when in a free market context, individual decisions for the allocance of resources is inefficient, and produces deadweight loss, an economic measure of social welfare. This situation justifies in some cases government interventions. The most common tools for intervention are taxes, subsidies or price regulation.
Answer:
Consumer behaviour
Explanation:
Consumer behaviour is comparatively a new field of study which evolved just after the Second World War
. The sellers market has disappeared and buyers market has come up. This led to paradigm shift
of the manufacturer‘s attention from product to consumer and specially
focused on the consumer behaviour. The evaluation of marketing concept from mere selling concept to consumer
-
oriented marketing has resulted in buyer behav
i
our becoming an independent discipline. The growth of consumerism and cons
umer legislation emphasizes the
importance that is given to the consumer. Consumer behaviour is a study of how individuals make decision to spend their available resources (
time, money and effort) or consumption related aspects (W
hat they buy
? W
hen they bu
y
?
, How t
h
ey buy
? e
tc
).
The heterogeneity among people makes understanding consumer
behaviour a challenging task to marketers. Hence marketers felt the need to obtain an in
-
depth knowledge of consumers buying behaviour. Finally this knowledge acted as an imperative tool in the hands of marketers to forecast the future buying behavior of customers and devise four marketing strategies in order to create long term customer relationship.
Answer:
The entirety of the alternatives referenced above are utilized to control the negative externality delivered by the organizations.
Exchange capable contamination licenses are utilized in numerous nations which makes nations subject for the contamination they create. Right now, level of contamination which is admissible is determined by the specialists and afterward contamination licenses are offered to the organizations. They need to buy the licenses in return of cash. On the off chance that a firm can contaminate the streams not exactly as far as possible, at that point these grants can be offered to different firms whose contamination level will surpass the reasonable level. In this way, it will hold the admissible level under check and control water contamination and ground water contamination.
If there should arise an occurrence of charges, it is hard to process the peripheral harm and minor cost bends of the firm and show up at the right degree of Pigouvian charges. Guideline by forcing fines and punishments isn't the right answer for the issue. Out and out forbidance isn't possible. Consequently, contamination grants which are exchange capable can give a superior arrangement under this condition.
Answer:
<h2>
<em><u>correct option is </u></em></h2>
<h3>early assignment of SMEs to the project saves money</h3>
Explanation:
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