Asked by
Dylan Balack
on Dec 11, 2024
Verified
The key explanation for the prevalence of waterway pollution is
A) the inclusion in production of all costs involving use of the waterway.
B) that there are private costs but no costs to society.
C) that waterways are often an open access, commonly owned resource.
D) that waterways are subject to the market's normal control procedures.
Waterway Pollution
Contamination of rivers, lakes, oceans, and other bodies of water, adversely affecting aquatic ecosystems, human health, and the economy.
Open Access
A policy whereby resources are made available to all, without restrictions, such as in academic publishing where research is freely accessible.
- Examine the influence of external costs and benefits on the efficiency of markets.
- Comprehend the principle of market failure along with its origins, such as externalities and regulatory interference by the government.
Verified Answer
EA
Learning Objectives
- Examine the influence of external costs and benefits on the efficiency of markets.
- Comprehend the principle of market failure along with its origins, such as externalities and regulatory interference by the government.