While Most Real Property in the United States Is Privately

Multiple Choice

While most real property in the United States is privately owned, government regulations limit private property use and therefore play an important role in the determination of property value. Proponents of government intervention argue that regulation is needed to address the unintended and unaccounted for consequences of one land user upon others, more commonly referred to as:

A) incomplete information
B) locational monopoly
C) externalities
D) urban sprawl