Concept
Version 5
Created by Boundless
Defining Market Failure
Air pollution
Air pollution is an example of a negative externality. Governments may enact tradable permits to try and reduce industrial pollution.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"Pollution de l'air."
http://commons.wikimedia.org/wiki/File:Pollution_de_l'air.jpg
Wikimedia
Public domain.