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Government regulations that prevent a firm from dumping toxic waste into a river address which type of market failure? Private good O Imperfect information O Negative externality Market power Positive externality

Government regulations that prevent a firm from dumping toxic waste into a river address which type of market failure? Private good O Imperfect information O Negative externality Market power Positive externality

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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**Question:** Government regulations that prevent a firm from dumping toxic waste into a river address which type of market failure? **Options:** - Private good - Imperfect information - Negative externality - Market power - Positive externality This question explores the concept of market failures and how government intervention, such as regulations, can address specific types of failures. Consider each option to determine which type of market failure is being addressed by regulations preventing environmental pollution.
Transcribed Image Text:**Question:** Government regulations that prevent a firm from dumping toxic waste into a river address which type of market failure? **Options:** - Private good - Imperfect information - Negative externality - Market power - Positive externality This question explores the concept of market failures and how government intervention, such as regulations, can address specific types of failures. Consider each option to determine which type of market failure is being addressed by regulations preventing environmental pollution.
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