1. (A) Explain why environmental services, because they are public goods, are undervalued or priced too low.

(B) Explain briefly, how groups of people (governments) or private individuals were able to increase the amount of environmental quality, by connecting or attaching an environmental service to a private good, showing how revenue from the private good increased the production of the public good. How are providers compensated for supplying the environmental service and who are the sellers buyers?

Answer rating: 100% (QA)

A Environmental services are often considered public goods because they exhibit nonexcludable and no... View the full answer