The dry cleaning business can be characterized as a perfectly competitive industry because the costs of entry are low and there are many dry cleaning shops. Dry cleaners, however, use a toxic solvent called perchloroethylene, which can contaminate soil and threaten water supplies.
1. If the disposal of this pollutant is unregulated, then which of the following statements about the dry cleaning market are correct?
A. There will be too much dry cleaning at a price greater than the true cost.
B. There will be an efficient quantity of dry cleaning at a price that reflects the true cost.
C. There will be too little dry cleaning at a price less than the true cost.
D. There will be too much dry cleaning at a price less than the true cost. BackNext

John novosel was employed by nationwide insurance company for fifteen years. novosel had been a model employee and, at the time of discharge, was a district claims manager and a candidate for the position of division claims manager. during novosel's fifteenth year of employment, nationwide circulated a memorandum requesting the participation of all employees in an effort to lobby the pennsylvania state legislature for the passage of a certain bill before the body. novosel, who had privately indicated his disagreement with nationwide's political views, refused to lend his support to the lobby, and his employment with nationwide was terminated. novosel brought two separate claims against nationwide, arguing, first, that his discharge for refusing to lobby the state legislature on behalf of nationwide constituted the tort of wrongful discharge in that it was arbitrary, malicious, and contrary to public policy. novosel also contended that nationwide breached an implied contract guaranteeing continued employment so long as his job performance was satisfactory. what decision as to each claim?

Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.

Anew joint command and control system is being developed to meet the strategic information needs of all the military services. the air force is the lead service, but the army and navy have different points of view about what functions the system should perform. which one of the software acquisition best practices would be most relevant in managing this issue as the program office undertakes system development?