Purpose To assess your ability to: Compare and contrast public and private goods

Purpose
To assess your ability to:
Compare and contrast public and private goods
Analyze the sources and consequences of market externalities
ACTION ITEMS
Review recent news stories about a global environmental problem, caused by a multinational company’s negligence.
Choose a news story, which describes a situation, which, in your opinion, was preventable.
Write a short paper discussing the costs to the company of the preventive measures as well as the remediation.Discuss the costs of the company’s conduct to the environment.
Point out the winning and losing sides of strict international environmental regulations.
Answer the following question in your conclusion:
What is a role of the company’s management in assuring safety and well-being of the general public?