People enjoy outdoor holiday lighting displays and would be willing to pay to see these displays but can't be made to pay. Because those who put up lights are unable to charge others to view them, they don't put up as many lights as people would like. This is an example of a:.
1. negative externality.
2. demand-side market failure.
3. supply-side market failure.
4. government failure
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People enjoy outdoor holiday lighting displays and would be willing to pay to see these displays but...
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Mathematics, 20.08.2019 02:10
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