Firms in Colorado dump waste into the Colorado River and as a result, people in California and Mexico cannot use the water. What type of market failure is most likely involved?
A. Public goods.
B. Externalities.
C. Market power.
D. Inequity.
Answer: B
Economics
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The United States currently is
A) a debtor nation and has been since the end of World War II in 1945. B) a creditor nation and has been since the end of World War II in 1945. C) a debtor nation and has been since 1989. D) a creditor nation and has been one since 1989. E) neither a debtor nation nor a creditor nation.
Economics
The founding of the U.S. FDIC was primarily in response to
A) serious inflation after the Civil War. B) the bank panic of 1907. C) the Great Depression. D) the Volker recession in 1981-1982.
Economics