Which of the following is a reason for the inadequacy in ad hoc attempts— internalizing external costs and assigning property rights to unowned goods such as wild species—to repair market failures?

Which of the following causes inadequacy in ad hoc attempts—internalizing external costs and assigning property rights to unowned goods such as wild species—to repair market failures?

a. The backcasting problem

b. The fungibility problem

c. The biomimicry problem

d. The first-generation problem

Option D is correct.

Explanation:

A type of market breakdown where business can only correct the problem or break down after it had occurs because it is the first time this kind of problem is happening.

answer; i believe the correct answer is energy star;

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"