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-Write an essay about the topic below for the Business Ethics class. The evidence should be clear, rational thought about moral matters. Please write your own words based on your knowledge.
Topic:
Markets malfunction when prices do not reflect all the costs associated with the goods and services being sold. When prices are lower than costs, some costs are externalized. Explain how negative externalities violate the principles of utilitarianism, moral rights and distributive justice.
Use one of the cases below as an example.
• The industrial food system (Food, Inc.)
https://www.imdb.com/title/tt1286537/
• Consumer culture (The Story of Stuff)
https://www.youtube.com/watch?v=gLBE5QAYXp8
• Global Warming (An Inconvenient Truth)
https://www.imdb.com/title/tt0497116/
Please write an explanation of this point with regard to pollution. Please note, though, that many other problems can usefully be explained this way.
Why is it unlikely that a company will voluntarily internalize costs? What are the alternatives?
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