If Some Environmental Impacts Will Occur That Cannot Be Mitigated

question 5

Multiple Choice

If some environmental impacts will occur that cannot be mitigated, what must be prepared?

• A) Mitigated Negative Declaration
• B) Initial Study
• C) Environmental Impact Report
• D) Negative Declaration

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Definitions:

Demand-side Market Failure

A situation where the quantity of a product demanded by consumers does not equate to the quantity supplied by producers due to externalities or imperfect information, leading to an inefficient allocation of resources.

Efficient Amount

The quantity of a good or service that maximizes social welfare, taking into account all costs and benefits.

Free-rider Problem

A situation in which individuals or entities benefit from resources, goods, or services without paying for them, leading to underprovision of those goods.

Public Good

A product or service that is available for all to consume, regardless of who pays for it, characterized by non-excludability and non-rivalry.