(a)[8]
Explain the externalities for each of the following: External cost of large amounts of litter left on the beach: External benefit of a new motorway from Main City to Downtown:
(b)[12]
Assess each of the following business objectives for DH. Which one do you think ought to be the most important objective for DH in the long run? Justify your answer. Higher market share: Profit: Survival: Conclusion: