Cost-minimizing efforts by businesses that lead to pollution or inferior products are examples of:

Name: Cost-minimizing efforts by businesses that lead to pollution or inferior products are examples of:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Market failure occurs when the allocation of goods and services by a free market is not efficient, often leading to negative externalities such as pollution. Cost-minimizing efforts that result in pollution or inferior products are examples of negative externalities, a type of market failure.

Cost-Minimizing Efforts by Businesses That Lead to Pollution or Inferior