Pollution Is Caused by a Market Failure, in an Industry

question 362

Multiple Choice

Pollution is caused by a market failure, in an industry in which there is

• A) unemployment.
• B) an over-allocation of resources in production.
• C) excess demand.
• D) excessive cost borne by the firm.

---

Definitions:

Enforcement Activities

Actions taken by authorities to compel obedience to laws, regulations, or guidelines, often involving monitoring, inspection, and potential penalties.

Interpretative Rule

A rule issued by an administrative agency that clarifies how the agency interprets or intends to apply its statutory authority.

Rights

Fundamental privileges or claims individuals are entitled to under law, including rights to freedom, expression, privacy, and equality.

Duties

Obligations that an individual or entity is bound to perform, often by legal, ethical, or moral considerations.