Ask Question
1 November, 19:22

Suppose a firm that produces for this market is able to dump toxic chemicals into a river next to its factory, which poisons wildlife and harms the health of nearby residents, who have no business with the company. this scenario can be characterized as, which is an example of.

+5
Answers (1)
  1. 1 November, 22:34
    0
    This can be characterized as an externality, which is an example of market failure. In such cases, quantity of output produced is greater than the efficient quantity.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose a firm that produces for this market is able to dump toxic chemicals into a river next to its factory, which poisons wildlife and ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers