Why the market system has failed

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Reference no: EM13176397

Crew Brew of Wisconsin plans to build a microbrewery on a small stream in that state. After sampling water from the stream, Chris Pierson has found that it is contaminated with pulp and paper waste from a local paper mill.

Chris has asked you to explain why the market system has failed in this circumstance. What are your recommendations for Chris and his fellow libertarian free-market entrepreneurs?

Reference no: EM13176397

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