Final answer:
The Ford Motor Company's 'Greener and Smarter' strategy includes an emphasis on environmental sustainability, particularly by producing more fuel-efficient and environmentally friendly vehicles. The government may support this by aligning the marginal private costs of production with the social costs, potentially through subsidies or tax incentives. The correct answer is option C).
Step-by-step explanation:
The core component of the Ford Motor Company's "Greener and Smarter" strategy is C) Emphasis on environmental sustainability. This approach is in line with trends across the automotive industry to address issues such as energy security, carbon emissions, and climate change. Strategies to realize this goal include increasing fuel economy standards, shifting transportation fuel from foreign oil to domestic electricity and biofuels, and producing electricity from low-carbon sources. Ford aims to improve their vehicles' environmental performance by making them more fuel-efficient, longer-lasting, and reducing their overall environmental impact during production through thoughtful choice of materials and energy sources.
One governmental approach to encouraging the production of fuel-efficient cars is to align the marginal private costs with the marginal social costs. If the marginal private costs of producing fuel-efficient cars are higher than the marginal social costs, the government might offer subsidies, tax incentives, or other forms of financial support to reduce these costs for manufacturers, thereby promoting increased production to meet the socially desirable amount.