Problem-
With the use of examples, explain how markets fail to protect environmental quality and how these factors may influence the price consumers pay for land.
Additional Information-
The problem is from Economics. The problem is explains about the failure of markets to protect environmental quality and the factors that influence the price consumers pay for land. Environmental assets do not have a decentralized exchange mechanism and there is also a general failure to capture the cost of exploiting natural resources. These costs are not visible in the short run, but their presence can only be felt in the long run. The answer gives more details.
Word limits- 300