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Which of these examples show market failure because of the difference between private costs and social costs? Responses A paper making firm clear cuts large
Which of these examples show market failure because of the difference between private costs and social costs? Responses A paper making firm clear cuts large swaths of forest land and diminishes wildlife habitats, which impacts hunting activities. A paper making firm clear cuts large swaths of forest land and diminishes wildlife habitats, which impacts hunting activities. A commercial fishery sells its fresh fish at a store in town. A local pet food business has contracted with the fishery to grind up the fish remains to add to its pet food for extra nutrition. This means no additional fishy smells at the local dump or in town. A commercial fishery sells its fresh fish at a store in town. A local pet food business has contracted with the fishery to grind up the fish remains to add to its pet food for extra nutrition. This means no additional fishy smells at the local dump or in town. A garden nursery runs $15 classes for the community to teach better landscaping skills. A garden nursery runs $15 classes for the community to teach better landscaping skills. A new movie theater opens in a recently developed area of town
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