explain whether there has been a market failure, what type of failure, and what measures might solve it,  You should consider: the advantages and disadvantages of any solution whether doing nothing might be the best solution the concept of efficiency anything else you think important. A local factory is using a river for cooling, but this reduces the amount of wildlife in the river. The river is not owned privately.

Q: Required information er to the above graph to answer this question What is the value of the per unit…

A: The marginal external cost is the additional cost imposed on the third party by producing the extra…

Q: Why do governments (city, state or national) often provide funding for creating and maintain public…

A: Answer - Public Good - Public goods the those goods which are non-rival and non-excluding in nature…

Q: Which of the following is the best example of a public good in a classroom? Select one: a. anything…

A: A good that is both non rivalrous and is also non-excludable is known as public good. Users in turn…

Q: What is the best example of a public good? Group of answer choices Street lights Music Education…

A: A private good is a good that builds a positive externality and people must pay a price for it. A…

Q: The graph shows the market for North Atlantic tuna. The quantity of tuna that fishers catch i…

A: In the language of economics, market equilibrium occurs when producers' willingness to supply an…

Q: Describe in your own words what you think is meant by the term sustainability. List three ways that…

A: People often use sustainable development and sustainability interchangeably as they look quite…

Q: Please indicate which of the following is or is not a public good: 1. A public swimming pool at the…

A: Types of Goods: Economics often describes goods by whether they are excludable or rivalrous. Being…

Q: An economically efficient level of smoking:   a. means people would not smoke   b. occurs at the…

A: Externalities:-  Externalities are circumstances where the impact of producing or consuming products…

Q: Presently, there is a major conference in Glasgow Scotland regarding climate change, neither the…

A: Introduction: A climate meeting/environment gathering that will help with choosing how warm the…

Q: Which of the following would be considered an environmental obstacle to good performance? Select an…

A: Employers are always concerned about the performance of their workers and employees. This is because…

Q: Government raises it's expenditure on producing public goods. Which economic value does it reflect?…

A: # The goods which are available to all the public without any motive of Profits are public goods.

Q: Example of market gaps

A: A market gap in general terms means the time where the businesses or production units are not able…

Q: Suppose the A&G Fuel Company wants to build three pipelines that would carry fuels under your city.…

A: Pipelines Total Profit  Total Damage Marginal Benefit Marginal Cost 0 0 0 0 0 1 120 55 120 55…

Q: Name 5 public goods and explain why they are public goods.

A: Introduction. Public Goods. It a non-excludable and non-rival good, that is, a public good. It means…

Q: Part 1 that current actions do not compromise the well-being of future generations. It recognizes…

A: Sustainibility refers to the method or ability which tells the use of the available resources in…

Q: When China and Japan got into a snit in 2010, China cut off Japan's supply of the Rare Earth…

A:

Q: Identify one market failure and explain the solution. Include the role of the government in…

A: Perfect information about goods and services is an essential commodity based on which the economic…

Q: Carefully explain the terms 'non-rivalry' and 'non-excludability'. Provide an example of a good with…

A: Non-excludability means that no individual can be excluded from using the goods and non-rivalry…

Q: Business and society operate within, and depend on, the natural environment.  True False

A: The statement is asserting that both business and society operate within the natural environment and…

Q: After Nike built a plant in a rural area, it discovered that families were taking their children out…

A: The firm starts its branch in a remote area and that starting of the new branch leads to the locals…

Q: A change in the level of an economic activity is desirable and should be undertaken as long as the…

A: Economic activity is an activity in which people supply, manufacture, buy or sell goods or services…

Q: How many fish should a commercial fisherman try to catch in a day? Should he catch as many as…

A: The operational expenditures that fisherman spend, such as fuel, labour, and maintenance costs, have…

Q: The Triboro Bridge has a bike lane for crossing that cyclists can cross at any time at no charge.…

A: Private goods are excludable and rival. Club goods are excludable but non-rival. Common resources…

Q: Politicians claim that the increased price of gasoline is a problem and to solve it we must increase…

A: An economic problem is any issue in the economy that involves the creation of products and services…

Q: Which of the following phenomena is NOT an example of market failure? a. A positive externality. b.…

A: In an economy, market failure refers to the Ayia whe any of the trading party will get unfair share…

Q: None

A: 1. What factors contributed to the initial levels of popularity of Clubhouse during the pandemic?In…

Q: Discuss the market failure which justifies government involvement in the economy

A: Market failure can be understood as a situation where resources are not utilised efficiently or in…

Q: Is it in the public interest to tax cigarettes? Explain your position using some of the economic…

A: A tax is a charge put by the government of any country on individuals and organisations. Funds…

Q: 1. Suppose Brazos County is considering preserving certain miles of Navasota River, but they have no…

A: 1) Externality is an economic term that refers to expenditures or benefits obtained by a third party…

Q: For what types of goods cargo ships and barges are used?

A: Cargo ships and barges are considered as one of the modes of transport to transfer goods and…

Q: Which of the following is the best example of a public good? Group of answer choices AT&T mobile…

A: A Public good refers to a good that is both non-excludable and non-rivalrous. For such goods,…

Q: Free riders are people who     ride New York City subway without paying the fare.     enjoy…

A: A public good is a product or service that is available to all members of a society, according to…

Market Equilibrium and Failure

The economy of a country or any place depends on the market demand and market supply of goods and services.