Graphic designers are much likely to supply art to the market if property rights are enforced. Public policy can improve economic efficiency in the presence of market failures. Complete the following table by classifying the source of market failure in each case. Market Failure Market Power Externality There is only one bike rental location servicing a large section of recreational trails, giving the company the ability to influence the price of bike rentals. A sewage company opened a wastewater treatment facility near a housing plan, introducing unwanted smells