Millionaire Mode

Environmental Economics and Welfare

Question 1 of 15

What is the term used to describe the situation where the actions of one party impose costs on another party without compensation?

  1. Externality
  2. Public Good
  3. Tragedy of the Commons
  4. Market Failure

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000