The production of smoke as a pollutant is a failure of the market system.

Name: The production of smoke as a pollutant is a failure of the market system.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

The market system does not take into account the negative externalities of smoke production, such as the health effects on individuals and damage to the environment. Without government intervention or regulation, firms may have no incentive to reduce their smoke emissions, leading to market failure.

The Production of Smoke as a Pollutant Is a Failure