A car manufacturing firm is deliberately neglecting state environmental laws. Which of the following responses from the society is applicable here?
A. society may control the exercise of market power through regulation
B. society may rely on market forces to develop substitute products
C. society cannot require disclosure of nonmarket actions
D. society can rely on countervailing influences from opposing interests to mitigate business nonmarket power
Answer:D
A car manufacturing firm is deliberately neglecting state environmental laws. Which of the following responses from the society is applicable here?
A. society may control the exercise of market power through regulation B. society may rely on market forces to develop substitute products C. society cannot require disclosure of nonmarket actions D. society can rely on countervailing influences from opposing interests to mitigate business nonmarket power