Multiple Choice
The trains of the Transcontinental Railway Company, when shipping goods, sometimes emit sparks that start fires along the tracks and damage the property of others. If Transcontinental does not pay for the damage it causes, what has occurred?
A) positive externality
B) demand-side market failure
C) supply-side market failure
D) all of these
Correct Answer:
Verified
Correct Answer:
Verified
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