Workshop 5 Soluons 1. You have been selected as the CEO for a fast-food company. Answer the following questions in regard to your new role: a. 'What are some of the externalities that you would experience in the fast food business? Explain. Some of the negative externalities as a CEO for fast food company are that a lot of fast food can cause obesity and health issues along with protests and demonstrations on fast food. b. How might you handle claims that your fast-food is causing obesity among your patrons? Explain. I would have to ask for the proof that alone my fast food is the sole contributor to obesity. Iwould also have to show that my food is not as unhealthy as many might think. c. Should you be concerned about how the nancial viability of the firm could be overrun by dealing with extemalities? Explain. Yes, because if the government issues new regulations on the fast-food industry to monitor the products, then fast food companies will likely have extra cost in the research and development field on making healthier options and better-quality control. Ithink that if there are other options available, then there might be a reduction in the fast-food industry