Question

People enjoy outdoor holiday lighting displays and would be willing to pay to see these displays but can't be made to pay. Because those who put up lights are unable to charge others to view them, they don't put up as many lights as people would like. This is an example of a

a. negative externality.
b. demand-side market failure.
c. supply-side market failure.
d. government failure.

Answer 1

b. demand-side market failure.

Step-by-step explanation:

Demand-side market failure occurs when suppliers aren't able to charge consumers prices for goods and services.

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