In a number of countries without working governments modern-day pirates thrive. For example, for years pirates freely operated out of Somalia, attacking shipping that transits the coastline. They hold ships, their cargo and their sailors for ransom. This affects not only the individuals and companies involved, but also consumers throughout the world. Today, though ships travel close to most coastlines, they stay far from Somalia, and when in the region, often carry guards trained to repel boarding parties. What is the market failure in this scenario? Group of answer choices Incomplete information Negative externalities Moral hazard No market failure