Firms in Colorado dump waste into the Colorado River and as a result,people in California and Mexico cannot use the water.What type of market failure is most likely involved?
A) Inequity.
B) Public goods.
C) Externalities.
D) Market power.
Correct Answer:
Verified
Q21: Which of the following is the government
Q22: Externalities
A)Occur because of government failure.
B)Are the costs
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Q24: Air pollution best illustrates
A)Market power.
B)An externality.
C)An inequity.
D)Government
Q25: If Good X has social demand that
Q27: The free-rider problem
A)Arises from the ability to
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Q29: A "free rider" is an individual who
Q30: If public goods were marketed like private
Q31: Governments usually build highways because it is
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