Caps on the amount of air pollutants a factory is allowed to release is an example of:
A.
Protective regulatory policy
B.
Competitive regulatory policy
C.
Distributive policy
D.
Redistributive policy
Question 2
Market failure occurs when:
A.
People pursuing individual interests harm collective interests
B.
The stock market crashes
C.
Governments fail to reach a compromise on a piece of legislation
D.
Public goods are consumed faster than they can be produced
E.
Private interests are forced to start producing public goods
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