Synthetic clothing releases fibers during the washing process, which then end up poisoning rivers, lakes, and oceans. Fish and other wildlife consume the microfibers, accumulating toxins in their bodies that can become concentrated as they travel up the food chain. The production of synthetic clothing is an example of market failure due to

Question

Quizplus · Accepted Answer

Synthetic clothing production creates external costs that are not accounted for by the manufacturers. The release of microfibers and toxins into waterways is a negative externality that affects society as a whole, but the cost of this pollution is not borne by the clothing producers. This is an example of a market failure where the market does not reflect the true costs of production.

Synthetic Clothing Releases Fibers During the Washing Process, Which Then