Luckily, the free market corrects for the cost to bystanders of a crying child, because the parent is irritated as much as, if not more than the bystander.

Question

Quizplus · Accepted Answer

The free market does not inherently correct for externalities like the discomfort caused by a crying child in public spaces, as these are non-market effects and do not directly influence market transactions or prices.

Luckily, the Free Market Corrects for the Cost to Bystanders