The Problem of Excess Pollution Mainly Occurs Because of

question 130

Multiple Choice

The problem of excess pollution mainly occurs because of

• A) asymmetric information.
• B) a positive externality.
• C) a negative externality.
• D) a monopoly.

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Definitions:

Current Output

The total amount of goods or services produced by a firm or economy at a given time.

Pareto Optimality

An allocation of resources where any attempt to benefit one person results in harm to another.

Brooks Robinson

A famous American baseball third baseman who played for the Baltimore Orioles in Major League Baseball.

Sewage Treatment Plant

A facility designed to receive the waste from domestic, commercial, and industrial sources and to remove materials that damage water quality and threaten public health and safety.