The text identifies one major disadvantage to command and control methods of resolving externalities that can, however, sometimes be an advantage. What is it?
A) high transaction costs
B) inflexibility
C) inefficiency
D) priority over social surplus

Question

Quizplus · Accepted Answer

Command and control methods of resolving externalities are often criticized for their inflexibility, as they do not allow for adaptation to changing circumstances or for individual preferences. However, this inflexibility can sometimes be an advantage in cases where a strict and consistent enforcement is necessary to effectively address the externality.

The Text Identifies One Major Disadvantage to Command and Control