Markets do not ensure that the air we breathe is clean because
A)clean air has no value.
B)the government prevents markets from doing so.
C)property rights are not well established for clean air.
D)clean air is impossible to produce .

Question

Quizplus · Accepted Answer

Clean air is a public good and it is difficult to establish property rights for it. Since no one owns the air, it becomes difficult to ensure that the quality of the air is maintained. Markets may also not address the issue of clean air as the benefits of clean air is often not directly monetizable. Hence, government intervention may be required to ensure that the air we breathe is clean.

Markets Do Not Ensure That the Air We Breathe Is