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Question 8 1 pts Arav knows that his car will produce extremely high levels of noxious emissions but doesn't care. After all, his emissions will
Question 8 1 pts Arav knows that his car will produce extremely high levels of noxious emissions but doesn't care. After all, his emissions will have a minute effect on overall air quality (and he doesn't have to be the one driving behind him). Nevertheless, the total value of the environmental damage he is creating for others is $1,500. What is the market failure in this scenario? 0 Adverse selection Asymmetric information 0 Positive externality O Negative externality
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