The stuff of externalities is: "Decisions taken internalize externalities". You impose what you want to others (e.g. change of supplier if you want to)
ha, i'm at work. it's friday before memorial day weekend... not much is going on here today. let's hope the AM session would ask "list 2 of 4" then if my 1st 2 worked.
stakeholder i think of like obama's happy place, socialism.
1. inefficient to give equal everything to everyone
2. no strong voice/decisionmaker- everyone has equal rights, zero leadership
3. i want to say there was a mention of externalities - the stakeholders want things that aren't exactly going to drive profits
4. ummm... ummm.... what else does obama love? hmm, how about doesn't lead to competition > efficiency... shareholders will try to maximize return for the firm, stakeholder societies are more like unions, big govt, no competition.
how is that for some serious bs? this one i think i'll get dinged on.