A centralized policy requires that
A) a controlling administrative agency be responsible for determining what is to be done.
B) all firms and individual decision makers make individual assessments about their emission levels.
C) net incomes are maximized.
D) all of the above.

Question

Quizplus · Accepted Answer

A centralized policy puts a controlling administrative agency in charge of determining what is to be done. This means that decisions are made at a higher level and there is a central authority who is responsible for enforcing and implementing the policy. Choices B and C do not accurately describe a centralized policy.

A Centralized Policy Requires That