Part of the pollution problem is due to
A)the absence of markets for goods like clean air and clean water.
B)the lack of well-defined property rights to clean air and clean water.
C)the unreliability of voluntary programs to cut pollution.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Each of the options given contributes to the pollution problem. The absence of markets for goods like clean air and clean water means that businesses are not incentivized to reduce pollution, while the lack of well-defined property rights means that no one is responsible for protecting the environment. Voluntary programs to cut pollution may not be effective because businesses may choose not to participate or fail to meet their goals. Therefore, all three options are correct.

Part of the Pollution Problem Is Due to