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:

Work

Engaging in activities, often for compensation, that involve the production of goods or the provision of services.

Religiosity

The quality of being religious, often characterized by regular participation in religious services, adherence to religious beliefs, and the importance of religion in one's life.

Physical Health

A state of well-being in which the body functions optimally without the presence of disease, encompassing fitness, strength, and physical condition.