Consider a logging company which clear cuts all of the forests it owns so that it can increase its sales. On the land where the trees once stood there is erosion which flows into streams killing all the fish. The logging firm is seen as contributing to market failure. Why? Select the correct answer below: The government fines and taxes imposed for polluting will likely bankrupt the firm. The social benefits to consumers exceed the social costs of production. There are no externalities present, which means all costs are represented in the supply curve. The costs associated with the dead fish and fouled streams are not taken into account. Therefore, the market fails to achieves efficient output