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Which of the following statements about the article The Promise and Problems of Free Market Environmentalism,...

Which of the following statements about the article The Promise and Problems of Free Market Environmentalism, by Charles Kolstad is TRUE?

Free market environmentalism will be useful in addressing air pollution problems because air quality is a non-rival good.
"Free market environmentalism is good at addressing market failures that arise when the good is rival but is nonexludable" AND "The assignment of property rights to fish stocks works best for reducing overfishing when the fisheries fall within the territorial waters of a single country"
Municipal trash collection is an example of a public good.
Free market environmentalism is good at addressing market failures that arise when the good is rival but is nonexludable.
The assignment of property rights to fish stocks works best for reducing overfishing when the fisheries fall within the territorial waters of a single country.
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Answer #1

"Free market environmentalism is good at addressing market failures that arise when the good is rival but is nonexludable" AND "The assignment of property rights to fish stocks works best for reducing overfishing when the fisheries fall within the territorial waters of a single country".

It is necessary for free market environmentalism to have rival good to correct the market failure. creative provisions can be made for the market to function efficiently even if nonexcludable goods are present.

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