Based on Economic Theory, Which Statement Is Incorrect Regarding the Causes

question 87

Multiple Choice

Based on economic theory, which statement is incorrect regarding the causes of pollution?

• A)A pricing system failure
• B)The public interest requires that pollution to be reduced below its market level.
• C)A firm pollutes the air and water because it is not charged for their use.
• D)The levels of pollution in former centrally planned economies are better maintained than in market economies.

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Definitions:

Target Market

The specific group of consumers at which a company aims its products and services, characterized by specific demographics, interests, and needs.

Patronage

The support or regular business given to a store, company, or service provider by customers.

Urban College

An urban college is an institution of higher education located in a city environment, often providing educational opportunities that reflect the unique needs and interests of urban communities.

Respondents

Individuals who answer or reply to surveys, questionnaires, or experiments in research.