One Way of Addressing the Associated Market Failure That Generates

question 312

Multiple Choice

One way of addressing the associated market failure that generates both private costs and external costs is for this activity to be

• A) left alone.
• B) taxed.
• C) subsidized.
• D) banned.

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Definitions:

Subjective

Pertaining to or influenced by personal feelings, tastes, or opinions, as opposed to objective, which is fact-based and unbiased.

Spiders

Arachnids characterized by their eight legs, chelicerae with fangs that inject venom, and the ability to spin webs.

Insecticides

Chemical substances used to kill insects, often utilized in agriculture and pest control to protect plants and crops from insect infestations.

Botanicals

Plant parts or extracts used in the pharmaceutical, food, and cosmetics industry for their medicinal or aromatic properties.