A service is a product that consists of primarily intangible attributes.
Intangible means something you can not touch because it lacks the physical nature like an object (good). A service has value like a good but no presence.
Examples of intangible products/services are a travel agent, insurance, education and healthcare, along with many more.
B because it the right answer there
Answer:
is not efficient because firms can have different costs of reducing pollution.
Explanation:
Economic efficiency is the way a business maximises the use of factors of production (land, labor, capital) to produce output at a reduced cost. Efficiency aims to improve output and reduce cost to the barest minimum.
In this instance to individual cost required to reduce sulfur dioxide emissions is not considered by the government.
Since reduction of sulfur dioxide is equal among firms, some smaller ones may incur cost that will financially impair them and put them out of business.
While bigger firms will easily bear the cost.
An inner tube for a swimming pool would be in high demand during the summer months, and in incredibly low demand in the winter months.
True, I believe so if not then correct me.
