In Exercises 5780, graph each linear equation in two variables. Find at least five solutions in your table of values for each equation. y 3 2 x 1
HARDIK PATNI UMASS BOSTON STUDENT Causes of Environmental Degradation: Market Failures & Policy Failures This is a failure of the two principle allocative mechanisms to allocate resources efficiently. In economics we say that market forces (S & D) will drive the economy to an efficient level of output. However, different circumstances cause market failure: Whenever externalities are present the free market will produce too few positive externalities & too many negative externalities. The free market fails to provide most public goods. When a resource is common property it is overexploited in a free market. When special interests form a coalition and engage in collective action to secure
