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Homework answers / question archive / Discuss the ways in which the market system may or may not adjust to correct for environmental disasters like the one in Santa Barbara

Discuss the ways in which the market system may or may not adjust to correct for environmental disasters like the one in Santa Barbara

Earth Science

Discuss the ways in which the market system may or may not adjust to correct for environmental disasters like the one in Santa Barbara. For example, consider that environmental disasters may affect people's willingness to pay for environmental quality. Will we eventually reach an efficient level of environmental quality? Should efficiency be the goal?

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