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Homework answers / question archive / The lack of the market to properly regulate the long-term damage that companies do to the environment is an example of what? a
The lack of the market to properly regulate the long-term damage that companies do to the environment is an example of what?
a. market depreciation
b. market monopolies
c. market failure
d. market loopholes
The correct answer is c. market failure.
This is the correct answer because the damage to the environment that has occurred due to the deficiencies of the market is the example of negative externalities. It leads to reduce the quality of the air and the environment as well. It leads to provide the inefficient sectionalization of the market resources and results in market failure.
