Pollution Would Be an Example of a Market Failure Because

question 14

Multiple Choice

Pollution would be an example of a market failure because it

• A)represents imperfect information.
• B)is often caused by firms that are a monopolies.
• C)is a non-excludable public good.
• D)represents an externality where costs of production are born by someone other than the producer.

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Definitions:

Ngo Dinh Diem

A South Vietnamese politician who served as President of South Vietnam from 1955 until his assassination in 1963.

Vietnam War

A prolonged conflict (1955-1975) between North Vietnam, supported by its communist allies, and South Vietnam, supported by the United States and other anti-communist countries.

Women's Liberation Movement

A political movement which emerged in the late 1960s and 1970s aimed at achieving gender equality and fighting against sexism.

Power

The ability or capacity to direct or influence the behavior of others or the course of events.