The Failure of Markets to Adequately Protect the Environment Can

Multiple Choice

The failure of markets to adequately protect the environment can viewed either as a problem of

A) externalities or as a problem of common resources.
B) externalities or as a problem of private goods.
C) the overprovision of public goods or as a problem of the underprovision of private goods.
D) club goods or as a problem that arises when the quantity of excludable goods exceeds the socially-efficient quantity.