Nobel Prize-winning economist James Meade argued that themarket for honey was inefficient because pollination is a(n):

Question

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Meade argued that pollination is an external benefit of honey production because the bees that produce the honey also pollinate nearby plants, leading to increased crop yields and ecosystem health. However, the market for honey does not take into account this positive spillover effect, leading to an inefficient allocation of resources.

Nobel Prize-Winning Economist James Meade Argued That Themarket for Honey